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

Toth Financial Advisory Corp purchased a new position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,300 shares of the company's stock, valued at approximately $416,000.

Several other large investors have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its stake in shares of Bread Financial by 2.5% during the 4th 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 in the last quarter. Summit Investment Advisors Inc. increased its stake in Bread Financial by 3.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company's stock valued at $318,000 after purchasing an additional 184 shares in the last quarter. CIBC Asset Management Inc increased its stake in Bread Financial by 4.4% during the 4th quarter. CIBC Asset Management Inc now owns 4,872 shares of the company's stock valued at $297,000 after purchasing an additional 206 shares in the last quarter. Savant Capital LLC increased its stake in Bread Financial by 5.8% during the 4th quarter. Savant Capital LLC now owns 5,329 shares of the company's stock valued at $325,000 after purchasing an additional 290 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in Bread Financial by 1.0% during the 4th quarter. Federated Hermes Inc. now owns 30,641 shares of the company's stock valued at $1,871,000 after purchasing an additional 305 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Analysts Set New Price Targets

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

Bread Financial Price Performance

BFH traded down $2.86 during midday trading on Friday, hitting $50.72. 623,795 shares of the company traded hands, compared to its average volume of 878,623. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The company 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. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $66.71. The business has a 50 day simple moving average of $49.67 and a two-hundred day simple moving average of $55.09.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.86 earnings per share 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 firm had revenue of $970.00 million for the quarter, compared to the consensus estimate of $956.17 million. During the same period last year, the firm posted $2.73 earnings per share. The company's revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 9th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, May 9th. Bread Financial's dividend payout ratio is presently 14.92%.

Bread Financial announced that its Board of Directors has initiated a share repurchase plan on Wednesday, March 5th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership 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.