UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $9.36 Million Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 153,209 shares of the company's stock after purchasing an additional 27,434 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.31% of Bread Financial worth $9,355,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management increased its stake 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 valued at $32,000 after purchasing an additional 500 shares during the last quarter. Pinnacle Holdings LLC bought a new position in shares of Bread Financial in the 4th quarter valued at $46,000. Smartleaf Asset Management LLC boosted its holdings in shares of Bread Financial by 207.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock valued at $86,000 after acquiring an additional 941 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Bread Financial during the 4th quarter valued at $104,000. Finally, KBC Group NV boosted its holdings in shares of Bread Financial by 36.1% during the 4th quarter. KBC Group NV now owns 2,103 shares of the company's stock valued at $128,000 after acquiring an additional 558 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Bread Financial Trading Down 3.9%

Shares of NYSE BFH traded down $2.01 during trading on Wednesday, reaching $50.05. The company had a trading volume of 969,278 shares, compared to its average volume of 873,143. The company's fifty day moving average price is $49.06 and its 200-day moving average price is $55.32. Bread Financial Holdings, Inc. has a 12 month low of $38.21 and a 12 month high of $66.71. The stock has a market cap of $2.33 billion, a P/E ratio of 9.02, a PEG ratio of 1.25 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH - Get Free Report) last announced its 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. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. The company had revenue of $970.00 million for the quarter, compared to analyst estimates of $956.17 million. During the same quarter in the prior year, the company earned $2.73 EPS. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, research analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial announced that its Board of Directors has approved a stock repurchase plan on Wednesday, March 5th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

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 given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.68%. Bread Financial's payout ratio is 14.92%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BFH shares. The Goldman Sachs Group cut their price objective on Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a report on Tuesday, March 18th. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a report on Monday, April 28th. Morgan Stanley raised their price objective on Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a report on Monday, May 12th. Finally, Jefferies Financial Group raised their price objective on Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $60.27.

About Bread Financial

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.