Castlekeep Investment Advisors LLC Acquires Shares of 1,698,995 Bread Financial Holdings, Inc. (NYSE:BFH)

Castlekeep Investment Advisors LLC bought a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,698,995 shares of the company's stock, valued at approximately $104,000. Castlekeep Investment Advisors LLC owned approximately 3.42% of Bread Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Picton Mahoney Asset Management increased its position in shares of 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 during the last quarter. Pinnacle Holdings LLC bought a new position in Bread Financial during the fourth quarter valued at $46,000. Smartleaf Asset Management LLC increased its position in Bread Financial by 207.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock worth $86,000 after buying an additional 941 shares during the last quarter. KBC Group NV raised 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 valued at $128,000 after buying an additional 558 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Bread Financial during the 4th quarter valued at $200,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BFH shares. The Goldman Sachs Group cut their target price on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating for the company in a research report on Tuesday, March 18th. Barclays raised their price target on Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Morgan Stanley set a $36.00 price objective on Bread Financial and gave the company an "underweight" rating in a research note on Thursday, April 24th. Jefferies Financial Group increased their price target 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. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Three investment 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, the stock currently has an average rating of "Hold" and an average price target of $60.00.

Bread Financial Trading Up 0.0 %

NYSE BFH traded up $0.02 during trading on Friday, hitting $50.49. 609,428 shares of the company's stock traded hands, compared to its average volume of 879,395. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month 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 fifty day moving average of $47.99 and a two-hundred day moving average of $55.59. The firm has a market cap of $2.35 billion, a P/E ratio of 9.10, a PEG ratio of 1.25 and a beta of 1.33.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.86 EPS for the quarter, topping analysts' consensus estimates of $2.10 by $0.76. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. The business had revenue of $970.00 million for the quarter, compared to analysts' expectations of $956.17 million. During the same period in the previous year, the firm earned $2.73 EPS. The business's quarterly revenue was down 2.1% on a year-over-year basis. As a group, sell-side 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 paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, May 9th. Bread Financial's dividend payout ratio (DPR) is 14.92%.

Bread Financial declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 5th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are 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.