Jacobs Levy Equity Management Inc. Has $75.81 Million Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Jacobs Levy Equity Management Inc. boosted its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,241,566 shares of the company's stock after purchasing an additional 120,237 shares during the quarter. Jacobs Levy Equity Management Inc. owned 2.50% of Bread Financial worth $75,810,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BFH. Picton Mahoney Asset Management increased its position in shares of Bread Financial by 2,083.3% in the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock valued at $32,000 after buying an additional 500 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of Bread Financial during the fourth quarter worth about $46,000. Smartleaf Asset Management LLC lifted its holdings in shares of Bread Financial by 207.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock valued at $86,000 after purchasing an additional 941 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of Bread Financial in the 4th quarter valued at approximately $104,000. Finally, KBC Group NV increased its position in shares of 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 acquiring an additional 558 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Morgan Stanley set a $36.00 target price on Bread Financial and gave the company an "underweight" rating in a research report on Thursday, April 24th. Barclays boosted their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the stock an "underweight" rating in a research report on Friday, January 31st. Compass Point raised 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. Jefferies Financial Group increased their price objective on Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $60.00.

Bread Financial Trading Up 0.0 %

BFH opened at $50.49 on Friday. Bread Financial Holdings, Inc. has a twelve month low of $38.21 and a twelve month high of $66.71. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 1.25 and a beta of 1.33. 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 company has a 50-day simple moving average of $47.99 and a 200 day simple moving average of $55.59.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, beating analysts' consensus estimates of $2.10 by $0.76. The company had revenue of $970.00 million for the quarter, compared to the consensus estimate of $956.17 million. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $2.73 EPS. Analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

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 1.66%. Bread Financial's dividend payout ratio is presently 14.92%.

Bread Financial announced that its Board of Directors has authorized a stock repurchase program on Wednesday, March 5th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

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.

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