Victory Capital Management Inc. Has $4.67 Million Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Victory Capital Management Inc. boosted its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 42.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,207 shares of the company's stock after acquiring an additional 27,919 shares during the quarter. Victory Capital Management Inc. owned 0.19% of Bread Financial worth $4,668,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Bread Financial by 28.0% in the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after acquiring an additional 319 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Bread Financial during the fourth quarter worth about $338,000. Janney Montgomery Scott LLC grew its stake in Bread Financial by 51.1% during the first quarter. Janney Montgomery Scott LLC now owns 32,720 shares of the company's stock worth $1,639,000 after buying an additional 11,069 shares during the last quarter. Principal Financial Group Inc. grew its stake in Bread Financial by 1.4% during the first quarter. Principal Financial Group Inc. now owns 244,503 shares of the company's stock worth $12,245,000 after buying an additional 3,416 shares during the last quarter. Finally, Norges Bank bought a new stake in Bread Financial during the fourth quarter worth about $23,740,000. Institutional investors own 99.52% of the company's stock.

Analyst Upgrades and Downgrades

BFH has been the topic of several research analyst reports. Wall Street Zen raised shares of Bread Financial from a "hold" rating to a "strong-buy" rating in a research note on Saturday. BTIG Research set a $105.00 price objective on shares of Bread Financial and gave the stock a "buy" rating in a research note on Monday, July 14th. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Royal Bank Of Canada upped their price objective on shares of Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research note on Friday. Finally, Morgan Stanley increased 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. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $64.42.

Bread Financial Trading Up 3.8%

Shares of NYSE BFH opened at $63.32 on Friday. The company's 50 day simple moving average is $55.95 and its 200 day simple moving average is $54.29. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week high of $66.71. The firm has a market capitalization of $2.95 billion, a P/E ratio of 10.71, a P/E/G ratio of 1.18 and a beta of 1.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.17.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $1.85 by $1.29. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The business had revenue of $929.00 million for the quarter, compared to analyst estimates of $944.69 million. During the same period in the prior year, the business posted $2.66 earnings per share. Bread Financial's revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.84 annualized dividend and a yield of 1.33%. Bread Financial's dividend payout ratio is currently 14.21%.

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.

Want to see what other hedge funds are holding BFH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bread Financial Holdings, Inc. (NYSE:BFH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.