Invesco Ltd. Cuts Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Invesco Ltd. lessened its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 36.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 368,469 shares of the company's stock after selling 208,024 shares during the quarter. Invesco Ltd. owned 0.74% of Bread Financial worth $22,499,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its stake in shares of Bread Financial by 2.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company's stock valued at $443,000 after purchasing an additional 175 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Bread Financial by 4.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,872 shares of the company's stock worth $297,000 after purchasing an additional 206 shares during the period. Savant Capital LLC boosted its position in shares of Bread Financial by 5.8% in the 4th quarter. Savant Capital LLC now owns 5,329 shares of the company's stock worth $325,000 after purchasing an additional 290 shares in the last quarter. Federated Hermes Inc. raised its stake in Bread Financial by 1.0% during the fourth quarter. Federated Hermes Inc. now owns 30,641 shares of the company's stock valued at $1,871,000 after buying an additional 305 shares during the last quarter. Finally, Highland Capital Management LLC boosted its holdings in Bread Financial by 6.5% in the fourth quarter. Highland Capital Management LLC now owns 5,734 shares of the company's stock worth $350,000 after acquiring an additional 350 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Compass Point increased their price objective 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. Barclays lifted their price objective on Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a report on Monday, February 3rd. Morgan Stanley lowered Bread Financial from an "overweight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a report on Monday, April 7th. Finally, Royal Bank of Canada increased their price target on shares of Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $57.08.

Bread Financial Stock Performance

NYSE BFH traded up $0.55 during mid-day trading on Thursday, reaching $48.42. 764,992 shares of the stock were exchanged, compared to its average volume of 879,022. The business's 50 day moving average is $49.78 and its 200-day moving average is $55.70. The company has a market capitalization of $2.33 billion, a P/E ratio of 8.70, 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 quick ratio of 1.15 and a current ratio of 1.15.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.82. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. The company had revenue of $970.00 million during the quarter, compared to analysts' expectations of $956.17 million. On average, equities research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.73%. Bread Financial's dividend payout ratio is currently 15.14%.

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

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.