Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. cut its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 88.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,772 shares of the company's stock after selling 60,747 shares during the quarter. Graham Capital Management L.P.'s holdings in Bread Financial were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in BFH. O Shaughnessy Asset Management LLC grew its holdings in shares of Bread Financial by 2.5% during the 4th 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. lifted its stake in shares of Bread Financial by 3.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company's stock valued at $318,000 after acquiring an additional 184 shares during the last quarter. CIBC Asset Management Inc grew its position in Bread Financial by 4.4% during the 4th quarter. CIBC Asset Management Inc now owns 4,872 shares of the company's stock worth $297,000 after acquiring an additional 206 shares during the last quarter. Savant Capital LLC increased its stake 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 during the period. Finally, Federated Hermes Inc. lifted its position in Bread Financial by 1.0% in the fourth 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 during the last quarter. Institutional investors own 99.52% of the company's stock.

Bread Financial Stock Performance

Bread Financial stock traded down $0.53 during midday trading on Wednesday, hitting $52.46. The stock had a trading volume of 95,555 shares, compared to its average volume of 871,046. The firm's fifty day moving average is $48.80 and its two-hundred day moving average is $55.78. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $66.71. The company has a market capitalization of $2.44 billion, a PE ratio of 9.45, 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 (NYSE:BFH - Get Free Report) last released its quarterly earnings data 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 net margin of 5.75% and a return on equity of 12.41%. The business had revenue of $970.00 million during the quarter, compared to analyst estimates of $956.17 million. During the same quarter last year, the business earned $2.73 earnings per share. Bread Financial's quarterly revenue was down 2.1% compared to the same quarter last year. On average, research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial declared that its Board of Directors has initiated a stock buyback plan on Wednesday, March 5th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 6% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, May 9th. Bread Financial's payout ratio is 14.92%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BFH shares. Royal Bank of Canada lifted their target price on shares of Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a research note on Friday, January 31st. Compass Point increased their target price on shares of Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Barclays boosted their price target on Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a report on Friday, January 31st. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a report on Monday, April 28th. Finally, The Goldman Sachs Group reduced their target price on 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 analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Bread Financial has a consensus 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.