Russell Investments Group Ltd. Has $12.42 Million Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

Russell Investments Group Ltd. boosted its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 203,376 shares of the company's stock after purchasing an additional 23,646 shares during the period. Russell Investments Group Ltd. owned 0.41% of Bread Financial worth $12,418,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC increased 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 worth $443,000 after purchasing an additional 175 shares during the last quarter. CIBC Asset Management Inc increased its position in Bread Financial by 4.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,872 shares of the company's stock worth $297,000 after buying an additional 206 shares during the last quarter. Savant Capital LLC raised its stake in Bread Financial by 5.8% in the fourth quarter. Savant Capital LLC now owns 5,329 shares of the company's stock valued at $325,000 after buying an additional 290 shares during the period. Highland Capital Management LLC boosted its stake in shares of Bread Financial by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 5,734 shares of the company's stock worth $350,000 after acquiring an additional 350 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Bread Financial by 4.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 9,404 shares of the company's stock worth $574,000 after acquiring an additional 395 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

BFH has been the subject of a number of research analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research report on Monday, February 3rd. Morgan Stanley lowered shares of Bread Financial from an "overweight" rating to an "underweight" rating and set a $33.00 price target on the stock. in a research note on Monday, April 7th. Compass Point raised their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Royal Bank of Canada boosted their price objective on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st. Finally, Barclays increased their target price on Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Bread Financial presently has an average rating of "Hold" and a consensus target price of $57.08.

Bread Financial Price Performance

Shares of NYSE BFH traded up $0.55 during trading hours on Wednesday, hitting $46.18. 188,509 shares of the stock were exchanged, compared to its average volume of 928,688. Bread Financial Holdings, Inc. has a 1-year low of $32.10 and a 1-year high of $66.71. The company has a market cap of $2.22 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 1.25 and a beta of 1.58. 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's fifty day simple moving average is $51.59 and its two-hundred day simple moving average is $55.78.

Bread Financial (NYSE:BFH - Get Free Report) last issued its 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 return on equity of 12.41% and a net margin of 5.75%. On average, sell-side analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.82%. The ex-dividend date was Friday, February 14th. Bread Financial's payout ratio is 15.14%.

Bread Financial announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 5th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management 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.