Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,100 shares of the company's stock after selling 32,708 shares during the period. First Trust Advisors LP owned approximately 0.18% of Bread Financial worth $5,502,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. O Shaughnessy Asset Management LLC boosted its holdings in Bread Financial by 2.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company's stock valued at $443,000 after purchasing an additional 175 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in Bread Financial by 3.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company's stock worth $318,000 after acquiring an additional 184 shares during the period. CIBC Asset Management Inc lifted its holdings in Bread Financial by 4.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,872 shares of the company's stock valued at $297,000 after acquiring an additional 206 shares during the period. Savant Capital LLC boosted its position in Bread Financial by 5.8% in the 4th quarter. Savant Capital LLC now owns 5,329 shares of the company's stock worth $325,000 after purchasing an additional 290 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of 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. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Stock Up 2.2 %

BFH traded up $1.05 during trading hours on Friday, hitting $48.84. 1,135,299 shares of the company's stock were exchanged, compared to its average volume of 882,823. 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 12-month low of $38.21 and a 12-month high of $66.71. The firm has a market cap of $2.35 billion, a P/E ratio of 8.80, a price-to-earnings-growth ratio of 1.25 and a beta of 1.58. The firm has a 50 day moving average of $48.32 and a 200 day moving average of $55.65.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.86 earnings per share (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 business had revenue of $970.00 million for the quarter, compared to analysts' expectations of $956.17 million. During the same period last year, the firm earned $2.73 earnings per share. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. Analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.84 annualized dividend and a yield of 1.72%. Bread Financial's dividend payout ratio (DPR) is 14.92%.

Bread Financial announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 5th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BFH. Jefferies Financial Group upped their price objective on shares of Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Royal Bank of Canada raised their price objective on Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Compass Point lifted their target price on shares of Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group decreased 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 note on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Bread Financial currently has a consensus rating of "Hold" and an average price target of $60.00.

Bread Financial Company 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.