15,188 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Acquired by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,188 shares of the company's stock, valued at approximately $927,000.

A number of other hedge funds have also recently added to or reduced their stakes in BFH. GAMMA Investing LLC boosted its holdings in Bread Financial by 33.5% during the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock worth $49,000 after buying an additional 260 shares in the last quarter. CWM LLC lifted its holdings in Bread Financial by 43.7% during the third quarter. CWM LLC now owns 2,455 shares of the company's stock valued at $117,000 after purchasing an additional 747 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Bread Financial by 64.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company's stock valued at $125,000 after purchasing an additional 1,033 shares in the last quarter. KBC Group NV lifted 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 valued at $128,000 after purchasing an additional 558 shares in the last quarter. Finally, nVerses Capital LLC lifted its holdings in Bread Financial by 700.0% during the third quarter. nVerses Capital LLC now owns 3,200 shares of the company's stock valued at $152,000 after purchasing an additional 2,800 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Trading Up 1.9 %

Bread Financial stock traded up $1.14 during midday trading on Friday, hitting $62.41. 512,178 shares of the stock were exchanged, compared to its average volume of 634,576. Bread Financial Holdings, Inc. has a fifty-two week low of $32.10 and a fifty-two week high of $66.71. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.34 and a beta of 1.93. The stock's 50-day simple moving average is $62.30 and its 200 day simple moving average is $56.34. The company has a current ratio of 1.15, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.

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 net margin of 5.75% and a return on equity of 12.41%. On average, equities analysts anticipate that Bread Financial Holdings, Inc. will post 6.63 EPS for the current year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, February 14th. Bread Financial's payout ratio is 15.14%.

Wall Street Analyst Weigh In

Several research firms have issued reports on BFH. Keefe, Bruyette & Woods increased their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Compass Point increased their target price on shares of Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. TD Cowen increased their target price on shares of Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a research report on Monday, October 28th. The Goldman Sachs Group increased their target price on shares of Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley upgraded shares of Bread Financial from an "underweight" rating to an "overweight" rating and increased their target price for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.