XTX Topco Ltd Sells 28,653 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

XTX Topco Ltd reduced its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 81.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,537 shares of the company's stock after selling 28,653 shares during the period. XTX Topco Ltd's holdings in Bread Financial were worth $399,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BFH. Norges Bank purchased a new position in shares of Bread Financial during the 4th quarter valued at $23,740,000. Franklin Resources Inc. increased its stake in shares of Bread Financial by 31.1% in the fourth quarter. Franklin Resources Inc. now owns 1,207,404 shares of the company's stock worth $73,724,000 after acquiring an additional 286,720 shares during the last quarter. Great Lakes Advisors LLC increased its stake in shares of Bread Financial by 5,654.9% in the fourth quarter. Great Lakes Advisors LLC now owns 256,151 shares of the company's stock worth $15,641,000 after acquiring an additional 251,700 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Bread Financial by 44.5% in the fourth quarter. Allianz Asset Management GmbH now owns 474,660 shares of the company's stock worth $28,983,000 after acquiring an additional 146,244 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Bread Financial by 3,844.5% in the fourth quarter. Barclays PLC now owns 87,696 shares of the company's stock worth $5,355,000 after acquiring an additional 90,038 shares during the last quarter. 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 reports. Morgan Stanley set a $36.00 price target on shares of Bread Financial and gave the stock an "underweight" rating in a research note on Thursday. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research note on Monday. Jefferies Financial Group upped their price target on shares of Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday. Royal Bank of Canada upped their price target on shares of Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group lowered their target price 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. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bread Financial currently has an average rating of "Hold" and an average target price of $60.00.

Bread Financial Stock Performance

BFH stock traded down $0.75 during mid-day trading on Monday, reaching $48.14. 1,101,159 shares of the stock traded hands, compared to its average volume of 882,454. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 52 week low of $36.31 and a 52 week high of $66.71. The business has a 50-day moving average of $48.99 and a two-hundred day moving average of $55.77. The firm has a market capitalization of $2.32 billion, a PE ratio of 8.67, a P/E/G ratio of 1.25 and a beta of 1.58.

Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.86 earnings per share 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 business had revenue of $970.00 million during the quarter, compared to analysts' expectations of $956.17 million. During the same quarter last year, the company earned $2.73 earnings per share. The firm's revenue was down 2.1% on a year-over-year basis. As a group, equities analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently announced 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 dividend yield of 1.74%. The ex-dividend date is Friday, May 9th. Bread Financial's payout ratio is presently 14.92%.

Bread Financial announced that its board has authorized a stock buyback plan on Wednesday, March 5th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are 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.