Castlekeep Investment Advisors LLC Makes New $1.68 Million Investment in Bread Financial Holdings, Inc. (NYSE:BFH)

Castlekeep Investment Advisors LLC acquired a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. O Shaughnessy Asset Management LLC increased its position in shares of Bread Financial by 2.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company's stock valued at $443,000 after acquiring an additional 175 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Bread Financial by 3.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company's stock worth $318,000 after purchasing an additional 184 shares during the period. CIBC Asset Management Inc increased its holdings in Bread Financial by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,872 shares of the company's stock worth $297,000 after buying an additional 206 shares during the period. Savant Capital LLC lifted its stake in Bread Financial by 5.8% during the 4th quarter. Savant Capital LLC now owns 5,329 shares of the company's stock valued at $325,000 after acquiring an additional 290 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of Bread Financial by 1.0% in the fourth quarter. Federated Hermes Inc. now owns 30,641 shares of the company's stock worth $1,871,000 after acquiring an additional 305 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Trading Down 0.5%

Shares of NYSE BFH traded down $0.27 during midday trading on Thursday, reaching $51.34. 99,410 shares of the stock were exchanged, compared to its average volume of 867,902. The stock has a market capitalization of $2.39 billion, a P/E ratio of 9.25, a PEG ratio of 1.25 and a beta of 1.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50 day simple moving average of $49.07 and a 200 day simple moving average of $55.55. Bread Financial Holdings, Inc. has a twelve month low of $38.21 and a twelve month high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, topping 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 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 firm posted $2.73 earnings per share. Bread Financial's revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial declared that its Board of Directors has approved a share buyback program on Wednesday, March 5th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 9th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.64%. Bread Financial's dividend payout ratio (DPR) is 14.92%.

Analyst Ratings Changes

Several analysts recently commented on BFH shares. Royal Bank of Canada raised their target price on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st. Morgan Stanley raised 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. Barclays upped 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. Jefferies Financial Group raised their price objective on Bread Financial from $45.00 to $50.00 and gave the company 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $60.27.

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.