Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 81.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,537 shares of the company's stock after selling 28,653 shares during the quarter. XTX Topco Ltd's holdings in Bread Financial were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Picton Mahoney Asset Management increased its position in Bread Financial by 2,083.3% during the fourth quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock worth $32,000 after buying an additional 500 shares during the period. Pinnacle Holdings LLC acquired a new position in shares of Bread Financial in the 4th quarter valued at $46,000. Smartleaf Asset Management LLC raised its position in Bread Financial by 207.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock valued at $86,000 after purchasing an additional 941 shares during the last quarter. KBC Group NV grew its position in Bread Financial by 36.1% during the 4th quarter. KBC Group NV now owns 2,103 shares of the company's stock worth $128,000 after purchasing an additional 558 shares during the last quarter. Finally, Choreo LLC acquired a new position in Bread Financial in the fourth quarter valued at $201,000. Hedge funds and other institutional investors own 99.52% of the company's stock.

Bread Financial Stock Performance

BFH opened at $46.84 on Wednesday. The stock's 50 day simple moving average is $50.07 and its 200 day simple moving average is $55.75. The stock has a market cap of $2.25 billion, a P/E ratio of 8.44, a P/E/G ratio of 1.25 and a beta of 1.58. Bread Financial Holdings, Inc. has a 1-year low of $33.58 and a 1-year high of $66.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates 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, equities analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.79%. Bread Financial's dividend payout ratio is presently 15.14%.

Bread Financial announced that its Board of Directors has approved a share repurchase plan on Wednesday, March 5th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research note on Monday, February 3rd. Compass Point lifted their target price on Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Barclays upped their price target on Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. Royal Bank of Canada lifted their price objective on shares of Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Finally, Morgan Stanley downgraded shares of Bread Financial from an "overweight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a research report on Monday, April 7th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Bread Financial presently has an average rating of "Hold" and an average price target of $57.08.

About Bread Financial

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.

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