Schonfeld Strategic Advisors LLC Acquires 5,470 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Schonfeld Strategic Advisors LLC lifted its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 23.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,140 shares of the company's stock after buying an additional 5,470 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.06% of Bread Financial worth $1,779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BFH. Picton Mahoney Asset Management lifted its position in shares of Bread Financial by 2,083.3% during the fourth quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock worth $32,000 after purchasing an additional 500 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in Bread Financial during the 4th quarter worth $46,000. Smartleaf Asset Management LLC lifted its holdings in Bread Financial by 207.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock worth $86,000 after buying an additional 941 shares in the last quarter. KBC Group NV boosted its position in Bread Financial by 36.1% in the 4th quarter. KBC Group NV now owns 2,103 shares of the company's stock valued at $128,000 after buying an additional 558 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Bread Financial during the fourth quarter worth $200,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Stock Up 0.0 %

Shares of Bread Financial stock opened at $48.94 on Tuesday. The company has a market capitalization of $2.28 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. The business has a 50-day moving average of $48.22 and a two-hundred day moving average of $55.65. Bread Financial Holdings, Inc. has a 1 year low of $38.21 and a 1 year high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.10 by $0.76. The firm 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 business's quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the company posted $2.73 EPS. As a group, equities analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently announced 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. This represents a $0.84 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, May 9th. Bread Financial's payout ratio is presently 14.92%.

Bread Financial declared that its board has authorized a stock repurchase program on Wednesday, March 5th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to repurchase up to 6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.