Susquehanna Fundamental Investments LLC Purchases Shares of 97,929 Bread Financial Holdings, Inc. (NYSE:BFH)

Susquehanna Fundamental Investments LLC purchased a new position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 97,929 shares of the company's stock, valued at approximately $5,980,000. Susquehanna Fundamental Investments LLC owned about 0.20% of Bread Financial at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of Bread Financial during the third quarter worth $1,004,000. World Investment Advisors LLC purchased a new stake in Bread Financial during the 3rd quarter valued at about $810,000. DGS Capital Management LLC raised its holdings in Bread Financial by 11.8% in the 3rd quarter. DGS Capital Management LLC now owns 10,443 shares of the company's stock valued at $497,000 after acquiring an additional 1,102 shares during the last quarter. Diversified Trust Co purchased a new position in Bread Financial in the 4th quarter worth approximately $209,000. Finally, Range Financial Group LLC acquired a new position in shares of Bread Financial during the 4th quarter worth approximately $406,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Trading Up 2.2 %

BFH traded up $1.05 during mid-day trading on Friday, hitting $48.84. 1,135,299 shares of the stock were exchanged, compared to its average volume of 882,823. The firm's fifty day moving average is $48.32 and its two-hundred day moving average is $55.65. 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 cap of $2.35 billion, a PE ratio of 8.80, a PEG ratio of 1.25 and a beta of 1.58. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.86 EPS for the quarter, beating 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 business 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. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. Equities analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 9th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, May 9th. Bread Financial's dividend payout ratio is currently 14.92%.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BFH shares. Morgan Stanley set a $36.00 price objective on Bread Financial and gave the stock an "underweight" rating in a research note on Thursday, April 24th. Compass Point boosted their price target 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. The Goldman Sachs Group cut their price objective on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating for the company in a research report on Tuesday, March 18th. Barclays boosted their target price on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada raised their price target on shares of Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Bread Financial has an average rating of "Hold" and an average target price of $60.00.

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.