Algert Global LLC Boosts Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Algert Global LLC increased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 104.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,737 shares of the company's stock after acquiring an additional 40,237 shares during the period. Algert Global LLC owned about 0.16% of Bread Financial worth $4,808,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its position 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 worth $32,000 after purchasing an additional 500 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in Bread Financial during the 4th quarter worth approximately $46,000. Smartleaf Asset Management LLC boosted its position in Bread Financial by 207.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock valued at $86,000 after buying an additional 941 shares during the period. KBC Group NV grew its stake in shares of Bread Financial by 36.1% in 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 in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Bread Financial during the fourth quarter worth $200,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Jefferies Financial Group boosted their target price on Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research report on Monday, April 28th. Royal Bank of Canada raised their target price on shares of Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. Morgan Stanley set a $36.00 price target on shares of Bread Financial and gave the stock an "underweight" rating in a report on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their price objective on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a report on Tuesday, March 18th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $60.00.

Bread Financial Trading Up 0.0 %

Shares of Bread Financial stock opened at $48.94 on Tuesday. 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 company has a fifty day simple moving average of $48.22 and a 200-day simple moving average of $55.65. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.25 and a beta of 1.33. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.86 earnings per share (EPS) for the quarter, beating 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 company had revenue of $970.00 million during the quarter, compared to the consensus estimate of $956.17 million. During the same quarter in the prior year, the firm posted $2.73 earnings per share. Bread Financial's revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 9th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.72%. The ex-dividend date is Friday, May 9th. Bread Financial's dividend payout ratio (DPR) is 14.92%.

Bread Financial declared that its Board of Directors has initiated a share repurchase program on Wednesday, March 5th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

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.

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