Voloridge Investment Management LLC Sells 104,210 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Voloridge Investment Management LLC lowered its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 22.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 351,605 shares of the company's stock after selling 104,210 shares during the quarter. Voloridge Investment Management LLC owned 0.71% of Bread Financial worth $21,469,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. acquired a new position in shares of Bread Financial in the fourth quarter valued at approximately $213,000. Janney Montgomery Scott LLC increased its position in Bread Financial by 15.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,651 shares of the company's stock worth $1,322,000 after purchasing an additional 2,944 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Bread Financial by 3.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 84,876 shares of the company's stock worth $5,183,000 after purchasing an additional 2,995 shares during the last quarter. KBC Group NV increased its position in Bread Financial by 36.1% during the fourth quarter. KBC Group NV now owns 2,103 shares of the company's stock worth $128,000 after purchasing an additional 558 shares during the last quarter. Finally, Highland Capital Management LLC increased its position in shares of Bread Financial by 6.5% in the fourth quarter. Highland Capital Management LLC now owns 5,734 shares of the company's stock worth $350,000 after acquiring an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Bread Financial Price Performance

NYSE BFH traded down $0.54 on Wednesday, hitting $51.75. 74,146 shares of the company were exchanged, compared to its average volume of 867,629. The firm has a 50 day moving average of $49.04 and a two-hundred day moving average of $55.57. The company has a market cap of $2.41 billion, a P/E ratio of 9.33, a P/E/G ratio of 1.25 and a beta of 1.33. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $66.71.

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

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 9th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.62%. Bread Financial's dividend payout ratio (DPR) is presently 14.92%.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BFH. Barclays upped their target price on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. The Goldman Sachs Group dropped their target price 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. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a report on Monday, April 28th. Jefferies Financial Group raised their target price 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. Finally, Royal Bank of Canada raised their price objective on shares of Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.