Point72 Asset Management L.P. Increases Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Point72 Asset Management L.P. boosted its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 550.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 462,307 shares of the company's stock after purchasing an additional 391,272 shares during the period. Point72 Asset Management L.P. owned about 0.93% of Bread Financial worth $28,228,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BFH. Hennessy Advisors Inc. bought a new position in shares of Bread Financial in the fourth quarter worth about $3,480,000. Crossmark Global Holdings Inc. bought a new position in shares of Bread Financial in the fourth quarter worth about $213,000. Janney Montgomery Scott LLC boosted its stake in shares of Bread Financial by 15.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,651 shares of the company's stock worth $1,322,000 after acquiring an additional 2,944 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Bread Financial by 3.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 84,876 shares of the company's stock worth $5,183,000 after acquiring an additional 2,995 shares during the period. Finally, KBC Group NV boosted its stake in shares of Bread Financial by 36.1% in 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 during the period. Institutional investors own 99.52% of the company's stock.

Bread Financial Trading Down 0.5%

NYSE BFH traded down $0.28 during trading hours on Tuesday, hitting $53.02. 501,571 shares of the company were exchanged, compared to its average volume of 874,073. The stock has a 50-day moving average price of $48.80 and a 200 day moving average price of $55.78. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 52 week low of $38.21 and a 52 week high of $66.71. The stock has a market cap of $2.47 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33.

Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.86 EPS for the quarter, beating analysts' consensus estimates of $2.10 by $0.76. The firm had revenue of $970.00 million for the quarter, compared to analysts' expectations of $956.17 million. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. The company's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.73 earnings per share. Analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share 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. Stockholders of record on Friday, May 9th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, May 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.58%. Bread Financial's dividend payout ratio is 14.92%.

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

Wall Street Analyst Weigh In

BFH has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Compass Point boosted their target price on Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Royal Bank of Canada boosted their target price on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research report on Monday, April 28th. Finally, Jefferies Financial Group boosted their target price on Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.