Charles Schwab Investment Management Inc. Decreases Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

Charles Schwab Investment Management Inc. trimmed its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 720,657 shares of the company's stock after selling 9,874 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.45% of Bread Financial worth $44,003,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BFH. Janney Montgomery Scott LLC bought a new stake in shares of Bread Financial during the third quarter worth $890,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Bread Financial during the third quarter worth $1,676,000. GSA Capital Partners LLP grew its stake in shares of Bread Financial by 23.7% during the third quarter. GSA Capital Partners LLP now owns 11,431 shares of the company's stock worth $544,000 after buying an additional 2,193 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Bread Financial by 5.9% during the third quarter. Empowered Funds LLC now owns 218,284 shares of the company's stock worth $10,386,000 after buying an additional 12,243 shares during the last quarter. Finally, Mizuho Markets Americas LLC grew its stake in shares of Bread Financial by 2.0% during the third quarter. Mizuho Markets Americas LLC now owns 296,900 shares of the company's stock worth $14,127,000 after buying an additional 5,882 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BFH. Barclays boosted their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. Compass Point boosted their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Morgan Stanley raised shares of Bread Financial from an "underweight" rating to an "overweight" rating and boosted their price objective for the stock from $35.00 to $76.00 in a research note on Thursday, December 19th. The Goldman Sachs Group reduced their price objective on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a research note on Tuesday. Finally, JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $59.69.

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Bread Financial Stock Down 0.2 %

Shares of NYSE BFH traded down $0.08 during trading on Tuesday, hitting $47.88. 896,000 shares of the company traded hands, compared to its average volume of 797,114. The business's fifty day moving average is $58.05 and its 200 day moving average is $56.47. Bread Financial Holdings, Inc. has a fifty-two week low of $32.10 and a fifty-two week high of $66.71. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 1.25 and a beta of 1.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 5th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be given a $0.21 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.84 annualized dividend and a yield of 1.75%. Bread Financial's payout ratio is 15.14%.

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.