CX Institutional Increases Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

CX Institutional boosted its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 14,819.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,296 shares of the company's stock after purchasing an additional 46,979 shares during the quarter. CX Institutional owned approximately 0.10% of Bread Financial worth $2,369,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Choreo LLC purchased a new position in shares of Bread Financial during the 4th quarter valued at approximately $201,000. Savant Capital LLC lifted its holdings in Bread Financial by 5.8% during the fourth quarter. Savant Capital LLC now owns 5,329 shares of the company's stock valued at $325,000 after purchasing an additional 290 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Bread Financial by 3.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 36,450 shares of the company's stock valued at $2,226,000 after purchasing an additional 1,218 shares during the period. Principal Financial Group Inc. increased its stake in shares of Bread Financial by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 241,087 shares of the company's stock worth $14,721,000 after purchasing an additional 6,888 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Bread Financial by 4.4% during the 4th quarter. CIBC Asset Management Inc now owns 4,872 shares of the company's stock worth $297,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Bread Financial Trading Down 1.5%

Bread Financial stock traded down $0.84 during mid-day trading on Thursday, hitting $53.64. The company's stock had a trading volume of 664,058 shares, compared to its average volume of 878,667. The stock's fifty day moving average is $49.67 and its two-hundred day moving average is $55.09. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2.50 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 1.25 and a beta of 1.37. 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 issued its quarterly earnings data on Thursday, April 24th. The company reported $2.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.10 by $0.76. The firm had revenue of $970.00 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $2.73 EPS. On average, analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 9th will be given a dividend of $0.21 per share. 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 1.57%. Bread Financial's payout ratio is currently 14.92%.

Bread Financial declared that its board has authorized 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 buy up to 6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts recently weighed in on BFH shares. Jefferies Financial Group upped their price target 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 target price on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating for the company in a report on Tuesday, March 18th. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Finally, Morgan Stanley upped their price objective on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $60.27.

Bread Financial Company 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.