123,208 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Acquired by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC bought a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 123,208 shares of the company's stock, valued at approximately $7,523,000. Lighthouse Investment Partners LLC owned about 0.25% of Bread Financial as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its holdings in shares of Bread Financial by 2,083.3% during the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock valued at $32,000 after purchasing an additional 500 shares during the last quarter. Pinnacle Holdings LLC purchased a new stake in Bread Financial in the fourth quarter valued at about $46,000. Smartleaf Asset Management LLC boosted its holdings 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 acquiring an additional 941 shares in the last quarter. KBC Group NV grew its stake 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 acquiring an additional 558 shares during the last quarter. Finally, Choreo LLC acquired a new position in shares of Bread Financial during the fourth quarter valued at about $201,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on BFH shares. The Goldman Sachs Group dropped their target price on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a research report on Tuesday, March 18th. Compass Point upped their target price on Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Barclays lifted their price target on Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research report on Friday, January 31st. Royal Bank of Canada increased their price objective on Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. Finally, Jefferies Financial Group lifted their target price on Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Bread Financial presently has a consensus rating of "Hold" and a consensus price target of $60.27.

Bread Financial Stock Performance

Shares of NYSE:BFH traded down $0.30 during trading on Friday, hitting $54.03. 673,118 shares of the stock traded hands, compared to its average volume of 878,134. The company has a fifty day moving average price of $48.59 and a two-hundred day moving average price of $55.70. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $66.71. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 1.25 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.76. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. The business had revenue of $970.00 million for the quarter, compared to analyst estimates of $956.17 million. During the same period in the prior year, the company posted $2.73 EPS. The company's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial declared that its Board of Directors has authorized a stock buyback program on Wednesday, March 5th that allows the company to buyback $150.00 million in shares. This buyback authorization allows 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 of directors believes its stock is undervalued.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, May 9th. Bread Financial's payout ratio is currently 14.92%.

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.