Dynamic Technology Lab Private Ltd Sells 43,906 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Dynamic Technology Lab Private Ltd reduced its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,028 shares of the company's stock after selling 43,906 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Bread Financial were worth $1,284,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BFH. Picton Mahoney Asset Management grew its holdings in Bread Financial by 2,083.3% during the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock worth $32,000 after acquiring an additional 500 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of 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 acquiring an additional 941 shares during the period. 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. Choreo LLC purchased a new stake in shares of Bread Financial in the fourth quarter valued at about $201,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Bread Financial during the fourth quarter worth about $201,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Trading Down 3.4 %

Shares of NYSE:BFH traded down $1.51 during midday trading on Friday, reaching $42.88. The company's stock had a trading volume of 301,206 shares, compared to its average volume of 865,454. The business has a 50 day moving average price of $52.59 and a 200 day moving average price of $55.82. 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 1 year low of $32.10 and a 1 year high of $66.71. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 1.25 and a beta of 1.58.

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Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, topping 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%. Research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Friday, February 14th. Bread Financial's dividend payout ratio is presently 15.14%.

Bread Financial announced that its Board of Directors has authorized 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have issued reports on BFH shares. Compass Point boosted their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Royal Bank of Canada increased their price objective 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. Barclays upped their price target 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. The Goldman Sachs Group lowered their target price on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a research report on Tuesday, March 18th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research note on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $57.08.

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.