Quantbot Technologies LP Sells 12,358 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Quantbot Technologies LP cut its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,064 shares of the company's stock after selling 12,358 shares during the period. Quantbot Technologies LP owned 0.06% of Bread Financial worth $1,958,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its holdings in shares of Bread Financial by 2,083.3% in 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 boosted its stake in Bread Financial by 207.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock worth $86,000 after purchasing an additional 941 shares in the last quarter. KBC Group NV grew its holdings in shares of 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 purchasing an additional 558 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Bread Financial by 64.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company's stock valued at $125,000 after buying an additional 1,033 shares in the last quarter. Finally, Choreo LLC bought a new position in shares of Bread Financial in the fourth quarter valued at about $201,000. 99.52% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Compass Point raised 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 upped 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. Keefe, Bruyette & Woods lifted their target price on Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their price objective on Bread Financial from $68.00 to $58.00 and set a "sell" rating for the company in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $59.69.

Bread Financial Trading Down 0.3 %

BFH stock traded down $0.13 during midday trading on Thursday, hitting $51.32. 660,138 shares of the company's stock were exchanged, compared to its average volume of 797,069. Bread Financial Holdings, Inc. has a one year low of $32.10 and a one 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. The company has a market cap of $2.52 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 1.25 and a beta of 1.96. The stock's fifty day moving average price is $56.84 and its 200-day moving average price is $56.15.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data 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%. Research analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Friday, February 14th. Bread Financial's payout ratio is presently 15.14%.

Bread Financial declared that its board has authorized a share repurchase program on Wednesday, March 5th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to buy up to 6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

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.