Susquehanna Fundamental Investments LLC Purchases New Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 97,929 shares of the company's stock, valued at approximately $5,980,000. Susquehanna Fundamental Investments LLC owned about 0.20% of Bread Financial at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BFH. Norges Bank bought a new stake in Bread Financial during the 4th quarter worth approximately $23,740,000. Franklin Resources Inc. boosted its stake in Bread Financial by 31.1% in the fourth quarter. Franklin Resources Inc. now owns 1,207,404 shares of the company's stock worth $73,724,000 after purchasing an additional 286,720 shares in the last quarter. Great Lakes Advisors LLC grew its holdings in shares of Bread Financial by 5,654.9% during the fourth quarter. Great Lakes Advisors LLC now owns 256,151 shares of the company's stock worth $15,641,000 after purchasing an additional 251,700 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Bread Financial by 44.5% in the fourth quarter. Allianz Asset Management GmbH now owns 474,660 shares of the company's stock valued at $28,983,000 after buying an additional 146,244 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Bread Financial by 3,844.5% in the fourth quarter. Barclays PLC now owns 87,696 shares of the company's stock valued at $5,355,000 after buying an additional 90,038 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Stock Performance

Shares of BFH stock opened at $48.87 on Monday. The stock has a 50-day moving average of $49.25 and a 200-day moving average of $55.79. Bread Financial Holdings, Inc. has a one year low of $36.31 and a one year high of $66.71. The stock has a market cap of $2.35 billion, a PE ratio of 8.81, 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 current ratio of 1.15 and a quick ratio of 1.15.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.10 by $0.76. The firm had revenue of $970.00 million during the quarter, compared to the consensus estimate of $956.17 million. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. As a group, sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial declared that its Board of Directors has initiated 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 repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 9th will be paid a $0.21 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.72%. Bread Financial's payout ratio is 14.92%.

Wall Street Analyst Weigh In

BFH has been the subject of several research reports. Jefferies Financial Group raised their price objective on shares of Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a research report on Thursday. Barclays raised their price target on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a report on Friday, January 31st. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a report on Monday, February 3rd. Compass Point lifted their target price on Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group cut their price target on Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a research note on Tuesday, March 18th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $60.00.

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.

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