Dimensional Fund Advisors LP Sells 29,263 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Dimensional Fund Advisors LP lessened its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,158,140 shares of the company's stock after selling 29,263 shares during the period. Dimensional Fund Advisors LP owned about 6.35% of Bread Financial worth $192,838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Picton Mahoney Asset Management grew its holdings in Bread Financial by 2,083.3% during the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock valued at $32,000 after purchasing an additional 500 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of Bread Financial during the fourth quarter valued at about $46,000. Smartleaf Asset Management LLC increased its position in shares of Bread Financial by 207.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock worth $86,000 after acquiring an additional 941 shares during the last quarter. KBC Group NV lifted 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, Choreo LLC acquired a new position in shares of Bread Financial in the fourth quarter worth about $201,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BFH shares. Compass Point lifted their price target on Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Jefferies Financial Group increased 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 stock an "underweight" rating in a research note on Thursday. Barclays boosted their target price on Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada raised their price objective on shares of Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $60.00.

Bread Financial Stock Up 0.0 %

Shares of BFH stock traded up $0.01 during trading on Tuesday, hitting $48.16. 164,349 shares of the company were exchanged, compared to its average volume of 879,682. The business's 50-day simple moving average is $48.99 and its 200 day simple moving average is $55.77. Bread Financial Holdings, Inc. has a twelve month low of $36.31 and a twelve month high of $66.71. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 8.68, a P/E/G ratio of 1.25 and a beta of 1.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15.

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, 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 company had revenue of $970.00 million during the quarter, compared to analyst estimates of $956.17 million. During the same quarter last year, the business posted $2.73 EPS. The company's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, analysts forecast 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 plan on Wednesday, March 5th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to buy up to 6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 9th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, May 9th. Bread Financial's payout ratio is currently 14.92%.

About Bread Financial

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.