Arrowstreet Capital Limited Partnership Has $60.11 Million Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 984,435 shares of the company's stock after selling 16,152 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.98% of Bread Financial worth $60,110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. World Investment Advisors LLC bought a new position in Bread Financial in the 3rd quarter valued at about $810,000. Geode Capital Management LLC boosted its holdings in shares of Bread Financial by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company's stock valued at $55,012,000 after acquiring an additional 13,459 shares in the last quarter. US Bancorp DE increased its stake in shares of Bread Financial by 15.1% during the fourth quarter. US Bancorp DE now owns 15,087 shares of the company's stock valued at $921,000 after acquiring an additional 1,977 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Bread Financial during the fourth quarter worth approximately $213,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Bread Financial during the third quarter worth approximately $1,350,000. Institutional investors own 99.52% of the company's stock.

Bread Financial Stock Down 6.4 %

Shares of Bread Financial stock traded down $2.88 during midday trading on Friday, hitting $41.94. The company's stock had a trading volume of 2,140,514 shares, compared to its average volume of 841,879. The firm has a market capitalization of $2.02 billion, a P/E ratio of 7.56, a PEG ratio of 1.25 and a beta of 1.58. Bread Financial Holdings, Inc. has a 1-year low of $32.10 and a 1-year high of $66.71. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. The stock has a 50-day simple moving average of $54.80 and a 200-day simple moving average of $56.13.

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Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. As a group, sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial declared that its board has authorized a share buyback program on Wednesday, March 5th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were given a $0.21 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.00%. Bread Financial's payout ratio is 15.14%.

Analyst Upgrades and Downgrades

BFH has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price target on Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a research report on Tuesday, March 18th. Barclays boosted their price target on shares of Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research report on Friday, January 31st. JMP Securities restated a "market perform" rating on shares of Bread Financial in a research report on Monday, February 3rd. Morgan Stanley upgraded shares of Bread Financial from an "underweight" rating to an "overweight" rating and boosted their target price for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Bread Financial has a consensus rating of "Hold" and a consensus price target of $60.67.

Bread Financial Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.