Robeco Institutional Asset Management B.V. Sells 5,374 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Robeco Institutional Asset Management B.V. reduced its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,057 shares of the company's stock after selling 5,374 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.23% of Bread Financial worth $6,842,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. KBC Group NV grew its holdings in Bread Financial by 36.1% during the fourth quarter. KBC Group NV now owns 2,103 shares of the company's stock worth $128,000 after acquiring an additional 558 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Bread Financial by 3.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 84,876 shares of the company's stock valued at $5,183,000 after purchasing an additional 2,995 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Bread Financial by 15.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,651 shares of the company's stock worth $1,322,000 after purchasing an additional 2,944 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Bread Financial in the 4th quarter worth approximately $213,000. Finally, Hennessy Advisors Inc. acquired a new stake in Bread Financial during the fourth quarter valued at approximately $3,480,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BFH has been the topic of several research reports. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a report on Monday. Royal Bank of Canada boosted their target price on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. The Goldman Sachs Group upped their target price on Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a report on Tuesday, November 19th. Barclays boosted their price objective on Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. 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 analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $59.69.

Bread Financial Stock Up 2.9 %

BFH stock traded up $1.72 during trading hours on Wednesday, hitting $61.92. The company's stock had a trading volume of 841,718 shares, compared to its average volume of 682,509. The stock has a 50 day moving average price of $62.13 and a two-hundred day moving average price of $55.90. Bread Financial Holdings, Inc. has a 12 month low of $32.10 and a 12 month high of $66.71. The company has a market capitalization of $3.08 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.93. The company has a quick ratio of 1.19, a current ratio of 1.15 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. On average, equities research analysts expect that Bread Financial Holdings, Inc. will post 6.46 earnings per share for the current year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, February 14th. Bread Financial's payout ratio is 15.14%.

Bread Financial Company 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.