Castlekeep Investment Advisors LLC Buys Shares of 27,494 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 fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,494 shares of the company's stock, valued at approximately $1,679,000. Castlekeep Investment Advisors LLC owned 0.06% of Bread Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of 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 during the last quarter. Hsbc Holdings PLC increased its holdings in Bread Financial by 1.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,452,509 shares of the company's stock worth $89,299,000 after acquiring an additional 13,679 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Bread Financial by 6.8% in the fourth quarter. American Century Companies Inc. now owns 1,382,135 shares of the company's stock worth $84,393,000 after buying an additional 88,081 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Bread Financial by 10.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,241,566 shares of the company's stock worth $75,810,000 after purchasing an additional 120,237 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in 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 buying an additional 286,720 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BFH shares. Barclays upped their target price on shares of Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research report on Friday, January 31st. Morgan Stanley increased their target price on Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a report on Monday, April 28th. Royal Bank of Canada raised their price objective on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group dropped their price objective on 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 research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $60.27.

Bread Financial Stock Up 3.4%

Shares of NYSE:BFH traded up $1.74 during trading on Tuesday, reaching $52.32. 461,537 shares of the company traded hands, compared to its average volume of 870,774. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $66.71. The firm has a fifty day simple moving average of $49.04 and a 200 day simple moving average of $55.57. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.44 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33.

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

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 9th will be given a $0.21 dividend. 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 1.61%. Bread Financial's dividend payout ratio is 14.92%.

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

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.