Mitsubishi UFJ Trust & Banking Corp Has $2.80 Million Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,793 shares of the company's stock after selling 8,315 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.09% of Bread Financial worth $2,796,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BFH. Jacobs Levy Equity Management Inc. grew its stake in Bread Financial by 30.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company's stock worth $53,353,000 after purchasing an additional 260,283 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in Bread Financial by 5,654.9% in the fourth quarter. Great Lakes Advisors LLC now owns 256,151 shares of the company's stock worth $15,641,000 after acquiring an additional 251,700 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Bread Financial by 44.5% during the fourth quarter. Allianz Asset Management GmbH now owns 474,660 shares of the company's stock valued at $28,983,000 after purchasing an additional 146,244 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Bread Financial during the 3rd quarter worth approximately $6,001,000. Finally, American Century Companies Inc. lifted its holdings in shares of Bread Financial by 6.8% in the 4th quarter. American Century Companies Inc. now owns 1,382,135 shares of the company's stock worth $84,393,000 after purchasing an additional 88,081 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

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Bread Financial Price Performance

Shares of BFH traded down $2.88 during mid-day trading on Friday, hitting $41.94. The company's stock had a trading volume of 2,140,514 shares, compared to its average volume of 841,879. 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 $2.02 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 1.25 and a beta of 1.58. The firm has a 50-day moving average price of $54.80 and a 200 day moving average price of $56.11. 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 (NYSE:BFH - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, February 14th. Bread Financial's dividend payout ratio is 15.14%.

Bread Financial announced that its board has initiated a stock buyback program on Wednesday, March 5th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts recently commented on BFH shares. Barclays upped their price objective on 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 price target on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating for the company in a research report on Tuesday, March 18th. Morgan Stanley upgraded shares of Bread Financial from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. Keefe, Bruyette & Woods raised their price target on shares of Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada lifted their target price on Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $60.67.

About Bread Financial

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.