Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. raised its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 73.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,411 shares of the company's stock after purchasing an additional 74,113 shares during the period. Nomura Holdings Inc. owned 0.35% of Bread Financial worth $10,650,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Millennium Management LLC lifted its stake in Bread Financial by 12.6% in the fourth quarter. Millennium Management LLC now owns 236,038 shares of the company's stock worth $14,412,000 after acquiring an additional 26,368 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Bread Financial by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,303 shares of the company's stock valued at $1,728,000 after purchasing an additional 1,076 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Bread Financial during the 4th quarter valued at about $7,523,000. Interval Partners LP bought a new position in Bread Financial in the fourth quarter worth about $1,090,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Bread Financial by 10.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,241,566 shares of the company's stock valued at $75,810,000 after purchasing an additional 120,237 shares during the period. Hedge funds and other institutional investors own 99.52% of the company's stock.

Bread Financial Stock Performance

NYSE BFH traded down $0.10 during mid-day trading on Tuesday, reaching $53.21. 65,865 shares of the stock were exchanged, compared to its average volume of 871,835. Bread Financial Holdings, Inc. has a 1 year low of $38.21 and a 1 year high of $66.71. The company has a market capitalization of $2.48 billion, a P/E ratio of 9.57, a P/E/G ratio of 1.25 and a beta of 1.33. The business's 50 day moving average is $48.69 and its 200-day moving average is $55.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $2.86 earnings per share 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 company had revenue of $970.00 million during the quarter, compared to analyst estimates of $956.17 million. During the same quarter last year, the firm posted $2.73 earnings per share. Bread Financial's revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 yield of 1.58%. Bread Financial's dividend payout ratio is currently 14.92%.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BFH. Barclays raised their price target on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. JMP Securities restated a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Compass Point upped their target price on shares of Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Finally, Morgan Stanley increased their price objective 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. Three investment 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, Bread Financial currently has a consensus rating of "Hold" and a consensus price target of $60.27.

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.