Anderson Financial Strategies LLC Invests $1.43 Million in Bread Financial Holdings, Inc. (NYSE:BFH)

Anderson Financial Strategies LLC acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,421 shares of the company's stock, valued at approximately $1,430,000. Bread Financial makes up about 0.9% of Anderson Financial Strategies LLC's investment portfolio, making the stock its 21st biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Picton Mahoney Asset Management raised its stake in shares of Bread Financial by 2,083.3% during the fourth 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 period. Pinnacle Holdings LLC acquired a new position in shares of Bread Financial in the fourth quarter worth about $46,000. Smartleaf Asset Management LLC increased its stake in shares of 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 buying an additional 941 shares during the last quarter. KBC Group NV grew its position in shares of Bread Financial by 36.1% during the 4th quarter. KBC Group NV now owns 2,103 shares of the company's stock valued at $128,000 after buying an additional 558 shares during the last quarter. Finally, Choreo LLC bought a new position in Bread Financial during the 4th quarter worth $201,000. Hedge funds and other institutional investors own 99.52% of the company's stock.

Bread Financial Stock Up 4.9 %

Shares of NYSE BFH traded up $2.37 during trading hours on Thursday, hitting $51.02. The stock had a trading volume of 294,272 shares, compared to its average volume of 878,581. The company has a market capitalization of $2.37 billion, a P/E ratio of 9.19, a P/E/G ratio of 1.25 and a beta of 1.33. The firm's 50-day moving average price is $48.02 and its two-hundred day moving average price is $55.55. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15. Bread Financial Holdings, Inc. has a 52 week low of $38.21 and a 52 week high of $66.71.

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

Bread Financial announced that its board has approved a stock buyback plan on Wednesday, March 5th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to purchase up to 6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 9th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, May 9th. Bread Financial's dividend payout ratio is 14.92%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BFH. Compass Point lifted their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Jefferies Financial Group boosted their target price on shares of Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Morgan Stanley set a $36.00 price target on Bread Financial and gave the company an "underweight" rating in a report on Thursday, April 24th. Royal Bank of Canada boosted their target price on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Finally, JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $60.00.

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.