Castlekeep Investment Advisors LLC Purchases Shares of 27,494 Bread Financial Holdings, Inc. (NYSE:BFH)

Castlekeep Investment Advisors LLC acquired a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,494 shares of the company's stock, valued at approximately $1,679,000. Castlekeep Investment Advisors LLC owned approximately 0.06% of Bread Financial at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Picton Mahoney Asset Management increased its position in shares of Bread Financial by 2,083.3% in the fourth quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock valued at $32,000 after buying an additional 500 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Bread Financial during the fourth quarter worth approximately $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 purchasing an additional 941 shares in the last quarter. KBC Group NV increased its position in shares of Bread Financial by 36.1% during the fourth quarter. KBC Group NV now owns 2,103 shares of the company's stock worth $128,000 after purchasing an additional 558 shares in the last quarter. Finally, Choreo LLC purchased a new stake in shares of Bread Financial during the fourth quarter worth approximately $201,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Stock Performance

NYSE:BFH traded down $0.72 during mid-day trading on Wednesday, reaching $51.56. 394,810 shares of the stock were exchanged, compared to its average volume of 868,878. The company has a 50 day simple moving average of $49.04 and a 200-day simple moving average of $55.57. The stock has a market capitalization of $2.40 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.25 and a beta of 1.33. 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 1 year low of $38.21 and a 1 year high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.10 by $0.76. The business had revenue of $970.00 million during 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 quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm earned $2.73 EPS. Analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 9th will be issued a $0.21 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.63%. Bread Financial's dividend payout ratio (DPR) is 14.92%.

Bread Financial announced that its board has approved a stock repurchase plan on Wednesday, March 5th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

BFH has been the subject of several research reports. Morgan Stanley boosted their price target on Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. JMP Securities restated a "market perform" rating on shares of Bread Financial in a report on Monday, April 28th. Jefferies Financial Group upped their target price on Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Barclays upped their target price on Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group dropped their target price on Bread Financial from $68.00 to $58.00 and set a "sell" rating for the company in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Bread Financial has an average rating of "Hold" and a consensus target price of $60.27.

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.