Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 96.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 146,805 shares of the company’s stock after acquiring an additional 72,204 shares during the quarter. Intech Investment Management LLC owned approximately 0.30% of Bread Financial worth $8,964,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D purchased a new stake in shares of Bread Financial in the third quarter valued at $1,676,000. GSA Capital Partners LLP grew its holdings in Bread Financial by 23.7% in the 3rd quarter. GSA Capital Partners LLP now owns 11,431 shares of the company’s stock valued at $544,000 after buying an additional 2,193 shares during the period. Natixis Advisors LLC increased its stake in shares of Bread Financial by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 13,421 shares of the company’s stock valued at $639,000 after acquiring an additional 369 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Bread Financial during the 3rd quarter worth about $536,000. Finally, Meeder Asset Management Inc. boosted its position in shares of Bread Financial by 139.0% in the third quarter. Meeder Asset Management Inc. now owns 7,226 shares of the company’s stock worth $344,000 after acquiring an additional 4,202 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Trading Down 0.2 %

NYSE:BFH opened at $47.88 on Wednesday. Bread Financial Holdings, Inc. has a one year low of $32.10 and a one year high of $66.71. The business’s 50-day simple moving average is $57.82 and its 200 day simple moving average is $56.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 1.25 and a beta of 1.96.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, January 30th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. As a group, sell-side analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, February 14th. Bread Financial’s payout ratio is currently 15.14%.

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

Analyst Upgrades and Downgrades

BFH has been the topic of a number of recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research note on Monday, February 3rd. The Goldman Sachs Group cut their target price on Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a research report on Tuesday. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. Barclays boosted their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Bread Financial presently has an average rating of “Hold” and an average price target of $59.69.

Bread Financial 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.