Bread Financial Holdings, Inc. (NYSE:BFH) Stock Position Raised by Man Group plc

Man Group plc lifted its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 159.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,389 shares of the company's stock after purchasing an additional 37,749 shares during the period. Man Group plc owned approximately 0.12% of Bread Financial worth $3,748,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. US Bancorp DE boosted its position in shares of Bread Financial by 15.1% in the 4th quarter. US Bancorp DE now owns 15,087 shares of the company's stock valued at $921,000 after purchasing an additional 1,977 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Bread Financial during the fourth quarter valued at about $213,000. Principal Financial Group Inc. boosted its holdings in shares of Bread Financial by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 241,087 shares of the company's stock worth $14,721,000 after buying an additional 6,888 shares during the period. New York State Common Retirement Fund increased its position in shares of Bread Financial by 68.5% in the fourth quarter. New York State Common Retirement Fund now owns 36,419 shares of the company's stock worth $2,224,000 after acquiring an additional 14,800 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Bread Financial during the fourth quarter valued at approximately $201,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BFH has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on shares of Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. The Goldman Sachs Group decreased their target price on Bread Financial from $68.00 to $58.00 and set a "sell" rating for the company in a research report on Tuesday, March 18th. Morgan Stanley upped their price target on Bread Financial from $36.00 to $39.00 and gave the company 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. Finally, Barclays lifted their target price on Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $60.27.

Bread Financial Stock Down 3.1%

BFH opened at $51.34 on Thursday. The company has a market capitalization of $2.39 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week high of $66.71. The business has a 50-day moving average of $48.84 and a 200-day moving average of $55.75.

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 for the quarter, beating the consensus estimate of $2.10 by $0.76. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $956.17 million. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.73 earnings per share. Equities research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial declared 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 repurchase up to 6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 9th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, May 9th. Bread Financial's payout ratio is presently 14.92%.

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.

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