Victory Capital Management Inc. Sells 11,546 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Victory Capital Management Inc. decreased its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 65,288 shares of the company's stock after selling 11,546 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of Bread Financial worth $3,986,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CIBC Asset Management Inc increased its stake in shares of Bread Financial by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,872 shares of the company's stock valued at $297,000 after purchasing an additional 206 shares during the last quarter. Savant Capital LLC grew its position in Bread Financial by 5.8% during the 4th quarter. Savant Capital LLC now owns 5,329 shares of the company's stock worth $325,000 after acquiring an additional 290 shares during the last quarter. Highland Capital Management LLC grew its position in 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 last quarter. Natixis Advisors LLC grew its position in Bread Financial by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 13,421 shares of the company's stock worth $639,000 after acquiring an additional 369 shares during the last quarter. Finally, KBC Group NV grew its position in Bread Financial by 36.1% during the 4th quarter. KBC Group NV now owns 2,103 shares of the company's stock worth $128,000 after acquiring an additional 558 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

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Bread Financial Stock Up 4.4 %

BFH stock traded up $2.09 during trading on Wednesday, reaching $49.96. 565,027 shares of the stock were exchanged, compared to its average volume of 796,428. The firm's 50 day moving average is $57.82 and its 200 day moving average is $56.40. Bread Financial Holdings, Inc. has a twelve month low of $32.10 and a twelve month high of $66.71. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.45 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 1.25 and a beta of 1.96.

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 for the quarter, topping 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%. As a group, research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, February 14th. Bread Financial's dividend payout ratio (DPR) is currently 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 outstanding shares. This buyback authorization permits the company to repurchase up to 6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BFH. JMP Securities restated a "market perform" rating on shares of Bread Financial in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their target price on Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. The Goldman Sachs Group cut their target price on Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a report on Tuesday. Royal Bank of Canada lifted their target price 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, Morgan Stanley raised Bread Financial from an "underweight" rating to an "overweight" rating and lifted their target price for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $59.69.

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.