Victory Capital Management Inc. Purchases 31,999 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Victory Capital Management Inc. raised its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 15.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,055 shares of the company's stock after purchasing an additional 31,999 shares during the quarter. Victory Capital Management Inc. owned 0.48% of Bread Financial worth $7,842,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Bread Financial by 19.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company's stock valued at $124,000 after purchasing an additional 603 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Bread Financial by 3.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,506 shares of the company's stock worth $770,000 after acquiring an additional 660 shares in the last quarter. Brooktree Capital Management boosted its position in Bread Financial by 0.6% during the fourth quarter. Brooktree Capital Management now owns 137,733 shares of the company's stock valued at $4,537,000 after purchasing an additional 853 shares during the last quarter. Swiss National Bank grew its stake in Bread Financial by 0.9% in the third quarter. Swiss National Bank now owns 110,123 shares of the company's stock valued at $3,766,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Vista Investment Management increased its position in shares of Bread Financial by 5.5% during the 3rd quarter. Vista Investment Management now owns 23,658 shares of the company's stock worth $809,000 after purchasing an additional 1,242 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BFH has been the subject of several analyst reports. Keefe, Bruyette & Woods raised shares of Bread Financial from a "market perform" rating to an "outperform" rating and raised their target price for the company from $38.00 to $67.00 in a research note on Thursday, May 2nd. Oppenheimer upgraded shares of Bread Financial from a "market perform" rating to an "outperform" rating and set a $52.00 target price for the company in a research note on Friday, January 26th. Barclays lowered their price target on Bread Financial from $27.00 to $26.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 9th. JPMorgan Chase & Co. raised their price objective on Bread Financial from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $36.00 target price on shares of Bread Financial in a report on Friday, January 26th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $39.17.

Bread Financial Stock Performance

Shares of Bread Financial stock traded up $0.05 during trading on Tuesday, reaching $41.55. The company's stock had a trading volume of 1,244,363 shares, compared to its average volume of 807,503. Bread Financial Holdings, Inc. has a 52 week low of $26.08 and a 52 week high of $42.00. The firm has a market cap of $2.06 billion, a PE ratio of 5.23, a P/E/G ratio of 0.19 and a beta of 1.92. The business's 50-day moving average price is $37.15 and its 200-day moving average price is $33.97. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.92 by ($0.19). The company had revenue of $991.00 million for the quarter, compared to analyst estimates of $998.96 million. Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The company's quarterly revenue was down 23.1% compared to the same quarter last year. During the same period in the prior year, the company earned $9.08 EPS. Equities analysts forecast that Bread Financial Holdings, Inc. will post 5.5 earnings per share for the current year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 10th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 2.02%. Bread Financial's dividend payout ratio is 10.58%.

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.