Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC grew its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,720 shares of the company's stock after buying an additional 14,959 shares during the quarter. Voya Investment Management LLC owned 0.24% of Bread Financial worth $7,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of Bread Financial in the third quarter valued at $1,004,000. World Investment Advisors LLC purchased a new stake in shares of Bread Financial in the 3rd quarter valued at $810,000. DGS Capital Management LLC increased its holdings in shares of Bread Financial by 11.8% in the third quarter. DGS Capital Management LLC now owns 10,443 shares of the company's stock worth $497,000 after buying an additional 1,102 shares during the period. Diversified Trust Co bought a new stake in Bread Financial in the fourth quarter valued at approximately $209,000. Finally, Range Financial Group LLC bought a new stake in Bread Financial in the 4th quarter worth $406,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BFH has been the topic of a number of research analyst reports. Jefferies Financial Group upped 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. Compass Point upped their price objective on Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Royal Bank of Canada increased 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. The Goldman Sachs Group reduced their price target 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. Finally, Barclays raised their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Bread Financial presently has a consensus rating of "Hold" and a consensus price target of $60.00.

Bread Financial Stock Up 2.2 %

Shares of Bread Financial stock traded up $1.05 on Friday, reaching $48.84. 1,135,299 shares of the company were exchanged, compared to its average volume of 882,356. The stock's 50 day moving average price is $48.32 and its 200-day moving average price is $55.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $66.71. The company has a market cap of $2.35 billion, a P/E ratio of 8.80, a price-to-earnings-growth ratio of 1.25 and a beta of 1.58.

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

Bread Financial declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 5th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Bread Financial Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.72%. Bread Financial's dividend payout ratio (DPR) is presently 14.92%.

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.