Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. lowered its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 14.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,113 shares of the company's stock after selling 16,057 shares during the period. Thompson Investment Management Inc. owned about 0.20% of Bread Financial worth $4,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BFH. O Shaughnessy Asset Management LLC raised its position in Bread Financial by 2.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company's stock worth $443,000 after acquiring an additional 175 shares during the last quarter. Summit Investment Advisors Inc. raised its position in 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 acquiring an additional 184 shares during the last quarter. CIBC Asset Management Inc raised its position in Bread Financial by 4.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,872 shares of the company's stock worth $297,000 after acquiring an additional 206 shares during the last quarter. Savant Capital LLC raised its position in Bread Financial by 5.8% during the fourth quarter. Savant Capital LLC now owns 5,329 shares of the company's stock worth $325,000 after acquiring an additional 290 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in Bread Financial by 1.0% during 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 last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Analysts Set New Price Targets

BFH has been the subject of a number of research reports. The Goldman Sachs Group cut their target price on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating for the company in a research report on Tuesday, March 18th. JMP Securities restated a "market perform" rating on shares of Bread Financial in a research report on Monday, April 28th. Jefferies Financial Group boosted their price objective on shares of Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, Morgan Stanley boosted their price objective on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.27.

Bread Financial Trading Down 5.3%

Bread Financial stock traded down $2.86 during trading on Friday, reaching $50.72. The company had a trading volume of 623,795 shares, compared to its average volume of 879,371. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $66.71. The stock's 50 day moving average price is $49.83 and its two-hundred day moving average price is $55.01. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.25 and a beta of 1.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.86 earnings per share (EPS) 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 the consensus estimate of $956.17 million. During the same period in the previous year, the firm earned $2.73 earnings per share. Bread Financial's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 9th were paid a $0.21 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.66%. Bread Financial's dividend payout ratio (DPR) is presently 14.92%.

Bread Financial declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 5th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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.