Bridgeway Capital Management LLC Sells 60,714 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Bridgeway Capital Management LLC trimmed its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 472,015 shares of the company's stock after selling 60,714 shares during the period. Bread Financial accounts for 0.6% of Bridgeway Capital Management LLC's portfolio, making the stock its 10th biggest position. Bridgeway Capital Management LLC owned approximately 0.95% of Bread Financial worth $28,821,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BFH. O Shaughnessy Asset Management LLC boosted its position in Bread Financial by 2.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company's stock worth $443,000 after purchasing an additional 175 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Bread Financial by 3.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company's stock worth $318,000 after buying an additional 184 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Bread Financial by 4.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,872 shares of the company's stock worth $297,000 after acquiring an additional 206 shares during the last quarter. Savant Capital LLC grew its position in shares of Bread Financial by 5.8% during the fourth quarter. Savant Capital LLC now owns 5,329 shares of the company's stock valued at $325,000 after purchasing an additional 290 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in Bread Financial by 1.0% during the 4th quarter. Federated Hermes Inc. now owns 30,641 shares of the company's stock valued at $1,871,000 after buying an additional 305 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BFH. Jefferies Financial Group raised their price objective on Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. Morgan Stanley set a $36.00 target price on Bread Financial and gave the company an "underweight" rating in a research report on Thursday, April 24th. 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 report on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on shares of 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, Barclays increased their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $60.00.

Bread Financial Stock Up 0.0 %

BFH stock traded up $0.02 during trading on Friday, hitting $50.49. 609,428 shares of the company's stock were exchanged, compared to its average volume of 878,759. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $66.71. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.25 and a beta of 1.33. The business has a 50-day moving average price of $47.99 and a two-hundred day moving average price of $55.55.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, topping 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 return on equity of 12.41% and a net margin of 5.75%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the company earned $2.73 earnings per share. As a group, equities research analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.66%. Bread Financial's dividend payout ratio (DPR) is 14.92%.

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

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.