SG Americas Securities LLC Makes New Investment in Bread Financial Holdings, Inc. (NYSE:BFH)

SG Americas Securities LLC acquired a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,713 shares of the company's stock, valued at approximately $386,000.

Several other institutional investors have also bought and sold shares of BFH. Curat Global LLC bought a new stake in shares of Bread Financial in the first quarter valued at $28,000. Picton Mahoney Asset Management grew its stake 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 worth $32,000 after acquiring an additional 500 shares during the period. Pinnacle Holdings LLC purchased a new stake in Bread Financial in the 4th quarter worth about $46,000. Versant Capital Management Inc raised its stake in Bread Financial by 182.8% in the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock valued at $65,000 after acquiring an additional 839 shares during the period. Finally, GAMMA Investing LLC raised its stake in Bread Financial by 28.0% in the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after acquiring an additional 319 shares during the period. Hedge funds and other institutional investors own 99.52% of the company's stock.

Bread Financial Price Performance

NYSE:BFH traded up $0.11 during trading hours on Wednesday, hitting $55.94. 601,633 shares of the company's stock traded hands, compared to its average volume of 871,830. Bread Financial Holdings, Inc. has a 52 week low of $38.21 and a 52 week high of $66.71. The business's fifty day simple moving average is $50.95 and its two-hundred day simple moving average is $54.66. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.60 billion, a P/E ratio of 9.94, a P/E/G ratio of 1.01 and a beta of 1.37.

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 analysts' consensus estimates of $2.10 by $0.76. Bread Financial had a return on equity of 12.60% and a net margin of 5.89%. The firm had revenue of $970.00 million during the quarter, compared to the consensus estimate of $956.17 million. During the same quarter last year, the company posted $2.73 EPS. The company's revenue for the quarter was down 2.1% on a year-over-year basis. On average, research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

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

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 9th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.50%. Bread Financial's dividend payout ratio is presently 14.92%.

Analyst Ratings Changes

BFH has been the subject of a number of research reports. Jefferies Financial Group increased their target price on shares of Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their price target on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley raised their price objective on shares of Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. Finally, JMP Securities reissued a "market perform" rating on shares of Bread Financial in a report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.