Edgestream Partners L.P. Has $3.50 Million Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Edgestream Partners L.P. increased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 327.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,271 shares of the company's stock after purchasing an additional 43,887 shares during the period. Edgestream Partners L.P. owned 0.12% of Bread Financial worth $3,497,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BFH. Smartleaf Asset Management LLC lifted its holdings in shares of Bread Financial by 207.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock valued at $86,000 after buying an additional 941 shares during the period. KBC Group NV boosted 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 buying an additional 558 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Bread Financial by 64.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company's stock worth $125,000 after buying an additional 1,033 shares during the last quarter. Choreo LLC bought a new position in shares of Bread Financial in the fourth quarter valued at $201,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Bread Financial during the 4th quarter valued at $201,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Stock Up 1.2 %

BFH traded up $0.56 during midday trading on Wednesday, hitting $48.24. 915,821 shares of the company's stock traded hands, compared to its average volume of 765,836. 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 Holdings, Inc. has a one year low of $32.10 and a one year high of $66.71. The stock's fifty day simple moving average is $59.10 and its 200-day simple moving average is $56.73. The company has a market cap of $2.37 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 1.25 and a beta of 1.96.

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Bread Financial (NYSE:BFH - Get Free Report) last announced 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%. As a group, equities analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, February 14th. Bread Financial's dividend payout ratio (DPR) is presently 15.14%.

Bread Financial declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 5th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BFH shares. 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. Compass Point boosted their price objective on Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Barclays raised their target price on shares of Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. JMP Securities restated a "market perform" rating on shares of Bread Financial in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Bread Financial currently has an average rating of "Hold" and a consensus target price of $59.69.

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.