Millennium Management LLC Boosts Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Millennium Management LLC increased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 12.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 236,038 shares of the company's stock after purchasing an additional 26,368 shares during the period. Millennium Management LLC owned approximately 0.47% of Bread Financial worth $14,412,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Bread Financial by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,303 shares of the company's stock worth $1,728,000 after purchasing an additional 1,076 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in Bread Financial during the fourth quarter worth about $7,523,000. Interval Partners LP purchased a new position in Bread Financial during the fourth quarter worth about $1,090,000. Jacobs Levy Equity Management Inc. raised its holdings in Bread Financial by 10.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,241,566 shares of the company's stock worth $75,810,000 after purchasing an additional 120,237 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in Bread Financial during the fourth quarter worth about $1,735,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. 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. Royal Bank of Canada increased their target price on shares of Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. Jefferies Financial Group increased their target price on shares of Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a report on Thursday, April 24th. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a report on Monday, April 28th. Finally, Morgan Stanley increased their target price on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a report on Monday, May 12th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Bread Financial currently has a consensus rating of "Hold" and an average price target of $60.27.

Bread Financial Stock Up 0.0%

BFH stock opened at $51.30 on Friday. The company's 50 day simple moving average is $48.91 and its 200-day simple moving average is $55.75. The firm has a market capitalization of $2.39 billion, a PE ratio of 9.24, a P/E/G 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 debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly 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 business 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 quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.73 earnings per share. Equities analysts expect 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 initiated a share buyback program on Wednesday, March 5th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Bread Financial Dividend Announcement

The company also recently announced 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 is Friday, May 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.64%. Bread Financial's dividend payout ratio (DPR) is currently 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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