Aquatic Capital Management LLC Has $897,000 Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Aquatic Capital Management LLC decreased its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 73.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,690 shares of the company's stock after selling 41,010 shares during the period. Aquatic Capital Management LLC's holdings in Bread Financial were worth $897,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BFH. Vanguard Group Inc. boosted its stake in Bread Financial by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,848,495 shares of the company's stock valued at $357,109,000 after buying an additional 36,057 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Bread Financial by 1.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,452,509 shares of the company's stock valued at $89,299,000 after purchasing an additional 13,679 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Bread Financial by 6.8% in the 4th quarter. American Century Companies Inc. now owns 1,382,135 shares of the company's stock worth $84,393,000 after purchasing an additional 88,081 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Bread Financial by 31.1% during the 4th quarter. Franklin Resources Inc. now owns 1,207,404 shares of the company's stock worth $73,724,000 after purchasing an additional 286,720 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in Bread Financial by 44.5% during the 4th quarter. Allianz Asset Management GmbH now owns 474,660 shares of the company's stock valued at $28,983,000 after purchasing an additional 146,244 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Trading Down 0.5 %

Shares of Bread Financial stock traded down $0.24 on Tuesday, hitting $48.67. 107,647 shares of the company's stock traded hands, compared to its average volume of 878,555. Bread Financial Holdings, Inc. has a one year low of $38.21 and a one year high of $66.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $2.27 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. The firm's 50-day moving average price is $48.22 and its two-hundred day moving average price is $55.65.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results 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 for the quarter, compared to analysts' expectations 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 was down 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.73 earnings per share. On average, research analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial announced that its Board of Directors has approved a stock buyback program on Wednesday, March 5th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to buy up to 6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 9th will be given a dividend of $0.21 per share. 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 1.73%. Bread Financial's dividend payout ratio is 14.92%.

Analyst Ratings Changes

BFH has been the subject of several recent analyst reports. Jefferies Financial Group raised their price objective 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. Compass Point increased their target price on Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. JMP Securities restated a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Finally, The Goldman Sachs Group decreased 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 given a hold rating and three have assigned a buy rating to the company. 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 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.