Neo Ivy Capital Management Has $3.70 Million Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Neo Ivy Capital Management raised its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 68.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,579 shares of the company's stock after buying an additional 24,711 shares during the quarter. Neo Ivy Capital Management owned 0.12% of Bread Financial worth $3,698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Picton Mahoney Asset Management grew its holdings 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 purchasing an additional 500 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of Bread Financial during the 4th quarter worth approximately $46,000. Smartleaf Asset Management LLC grew its holdings in shares of Bread Financial by 207.7% during the 4th 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 grew its holdings in shares of Bread Financial by 36.1% during the 4th 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 acquired a new stake in shares of Bread Financial during the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Price Performance

BFH traded up $1.74 during trading on Tuesday, hitting $52.32. The company's stock had a trading volume of 461,537 shares, compared to its average volume of 870,774. The firm's 50 day moving average price is $48.99 and its two-hundred day moving average price is $55.60. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. Bread Financial Holdings, Inc. has a 12 month low of $38.21 and a 12 month high of $66.71. 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 (NYSE:BFH - Get Free Report) last released its 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 company 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 business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the firm earned $2.73 EPS. Sell-side analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

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

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 9th will be paid a $0.21 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.61%. Bread Financial's dividend payout ratio (DPR) is currently 14.92%.

Wall Street Analyst Weigh In

BFH has been the topic of several recent research reports. Royal Bank of Canada lifted 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. Morgan Stanley raised their target price 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 research report on Monday, April 28th. Jefferies Financial Group raised their target price on Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Finally, Barclays raised their target price on Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research report on Friday, January 31st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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.