27,494 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Purchased by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC purchased a new stake in Bread Financial Holdings, Inc. (NYSE:BFH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,494 shares of the company’s stock, valued at approximately $1,679,000. Castlekeep Investment Advisors LLC owned about 0.06% of Bread Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. Picton Mahoney Asset Management grew 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 buying an additional 500 shares in the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Bread Financial in the 4th quarter worth about $46,000. Smartleaf Asset Management LLC increased its position in shares of Bread Financial by 207.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company’s stock worth $86,000 after purchasing an additional 941 shares during the last quarter. KBC Group NV raised its stake in shares of 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 purchasing an additional 558 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Bread Financial during the fourth quarter worth about $200,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Stock Down 1.2%

Shares of Bread Financial stock opened at $50.65 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $66.71. The business’s fifty day moving average price is $48.97 and its two-hundred day moving average price is $55.74. The company has a market capitalization of $2.36 billion, a P/E ratio of 9.13, a PEG ratio of 1.25 and a beta of 1.33.

Bread Financial (NYSE:BFH) last issued its quarterly 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 company had revenue of $970.00 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $2.73 earnings per share. As a group, research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 9th will be given 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 1.66%. Bread Financial’s dividend payout ratio (DPR) is 14.92%.

Bread Financial declared that its board has initiated a stock repurchase plan on Wednesday, March 5th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays upped their price objective on Bread Financial from $51.00 to $53.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Morgan Stanley raised their price objective on Bread Financial from $36.00 to $39.00 and gave the stock an “underweight” rating in a research note on Monday, May 12th. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research note on Monday, April 28th. The Goldman Sachs Group reduced their price target on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a research report on Tuesday, March 18th. Finally, Royal Bank of Canada boosted their price objective on shares of Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.27.

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.