Convergence Investment Partners LLC Has $1.77 Million Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

Convergence Investment Partners LLC lowered its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,354 shares of the company's stock after selling 4,766 shares during the quarter. Convergence Investment Partners LLC owned approximately 0.08% of Bread Financial worth $1,771,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Curat Global LLC acquired a new position in Bread Financial during the 1st quarter valued at about $28,000. Pinnacle Holdings LLC acquired a new stake in Bread Financial during the fourth quarter valued at approximately $46,000. Versant Capital Management Inc lifted its stake in Bread Financial by 182.8% during the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock valued at $65,000 after purchasing an additional 839 shares during the last quarter. GAMMA Investing LLC lifted its stake in Bread Financial by 28.0% during the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after purchasing an additional 319 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Bread Financial during the fourth quarter valued at approximately $200,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Price Performance

BFH stock traded up $2.32 during trading on Friday, hitting $63.32. 1,085,395 shares of the stock traded hands, compared to its average volume of 647,762. Bread Financial Holdings, Inc. has a one year low of $38.21 and a one year high of $66.71. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 1.14 and a beta of 1.38. The company has a 50 day simple moving average of $55.95 and a 200 day simple moving average of $54.33. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $1.85 by $1.29. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The firm had revenue of $929.00 million during the quarter, compared to analysts' expectations of $944.69 million. During the same quarter last year, the company posted $2.66 EPS. The company's quarterly revenue was down 1.1% compared to the same quarter last year. Equities analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, August 8th. Bread Financial's payout ratio is currently 14.21%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BFH shares. Wall Street Zen upgraded shares of Bread Financial from a "hold" rating to a "strong-buy" rating in a research note on Saturday. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a report on Monday, April 28th. Morgan Stanley upped 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. BTIG Research set a $105.00 price objective on shares of Bread Financial and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada increased their price target on shares of Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Bread Financial currently has a consensus rating of "Hold" and an average target price of $64.42.

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.