Toth Financial Advisory Corp Purchases New Shares in Bread Financial Holdings, Inc. (NYSE:BFH)

Toth Financial Advisory Corp bought a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,300 shares of the company's stock, valued at approximately $416,000.

Several other institutional investors have also modified their holdings of the business. Curat Global LLC acquired a new position in Bread Financial in the first quarter worth $28,000. Picton Mahoney Asset Management lifted its position in shares of Bread Financial by 2,083.3% in the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock worth $32,000 after buying an additional 500 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Bread Financial in the 4th quarter valued at about $46,000. Versant Capital Management Inc grew its position in shares of Bread Financial by 182.8% during the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock valued at $65,000 after buying an additional 839 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Bread Financial by 207.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock worth $86,000 after acquiring an additional 941 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

Wall Street Analyst Weigh In

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

Bread Financial Stock Performance

Shares of BFH traded up $1.14 during trading hours on Tuesday, reaching $52.35. 667,603 shares of the company's stock traded hands, compared to its average volume of 874,321. Bread Financial Holdings, Inc. has a twelve month low of $38.21 and a twelve month high of $66.71. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 1.25 and a beta of 1.37. The business's fifty day simple moving average is $49.07 and its two-hundred day simple moving average is $55.15. 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 earnings results on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.10 by $0.76. The firm had revenue of $970.00 million during the quarter, compared to the consensus estimate of $956.17 million. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.73 earnings per share. Analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 9th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, May 9th. Bread Financial's dividend payout ratio is presently 14.92%.

Bread Financial declared that its board has initiated a stock buyback program on Wednesday, March 5th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is 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.