Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC decreased its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 22.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 351,605 shares of the company's stock after selling 104,210 shares during the period. Voloridge Investment Management LLC owned approximately 0.71% of Bread Financial worth $21,469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Picton Mahoney Asset Management grew its position in Bread Financial by 2,083.3% during the fourth 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 period. Pinnacle Holdings LLC purchased a new stake in shares of Bread Financial during the 4th quarter worth approximately $46,000. Smartleaf Asset Management LLC grew its holdings in shares of Bread Financial by 207.7% in the 4th 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. Castlekeep Investment Advisors LLC purchased a new position in Bread Financial in the 4th quarter valued at approximately $104,000. Finally, KBC Group NV increased its stake in Bread Financial by 36.1% in the 4th quarter. KBC Group NV now owns 2,103 shares of the company's stock valued at $128,000 after purchasing an additional 558 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Trading Up 3.2%

Shares of NYSE:BFH traded up $1.64 during trading on Tuesday, reaching $52.22. The stock had a trading volume of 199,027 shares, compared to its average volume of 918,161. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. The stock has a market cap of $2.43 billion, a P/E ratio of 9.41, a PEG ratio of 1.25 and a beta of 1.33. The business has a fifty day moving average price of $48.99 and a 200-day moving average price of $55.60. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week 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 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 during the quarter, compared to the consensus estimate of $956.17 million. During the same period in the previous year, the firm posted $2.73 EPS. Bread Financial's revenue was down 2.1% on a year-over-year basis. As a group, analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial announced that its board has approved a stock repurchase plan on Wednesday, March 5th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are generally a sign 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 yield of 1.61%. Bread Financial's dividend payout ratio (DPR) is presently 14.92%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank of Canada boosted their target price on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research report on Monday, April 28th. Barclays raised their target price on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a report on Friday, January 31st. Morgan Stanley lifted their target price on shares of Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Finally, The Goldman Sachs Group lowered their price target on shares of 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 analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Bread Financial currently has a consensus rating of "Hold" and an average target price of $60.27.

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.