Sei Investments Co. Sells 17,994 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Sei Investments Co. reduced its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 113,864 shares of the company's stock after selling 17,994 shares during the period. Sei Investments Co. owned about 0.23% of Bread Financial worth $6,953,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Bread Financial by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 730,531 shares of the company's stock valued at $34,759,000 after acquiring an additional 13,484 shares during the last quarter. Hantz Financial Services Inc. grew its position in Bread Financial by 4.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 24,516 shares of the company's stock worth $1,166,000 after purchasing an additional 976 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in Bread Financial during the 3rd quarter valued at $6,001,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Bread Financial by 64.6% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company's stock valued at $125,000 after buying an additional 1,033 shares during the period. Finally, Paloma Partners Management Co purchased a new position in shares of Bread Financial in the 3rd quarter worth $747,000. 99.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Compass Point increased their target price on Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods boosted their target price on shares of Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Morgan Stanley upgraded shares of Bread Financial from an "underweight" rating to an "overweight" rating and increased their price target for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. The Goldman Sachs Group cut their price objective on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating for the company in a research report on Tuesday, March 18th. Finally, Royal Bank of Canada raised their target price on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $60.67.

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Bread Financial Price Performance

BFH 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 price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 1.25 and a beta of 1.58. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 12 month low of $32.10 and a 12 month high of $66.71. The company has a 50 day moving average of $54.80 and a two-hundred day moving average of $56.11.

Bread Financial (NYSE:BFH - Get Free Report) last posted 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 net margin of 5.75% and a return on equity of 12.41%. On average, analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors 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 annualized dividend and a yield of 2.00%. Bread Financial's dividend payout ratio is currently 15.14%.

Bread Financial announced that its Board of Directors has initiated a share repurchase program on Wednesday, March 5th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

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.