Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by CX Institutional

CX Institutional boosted its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 14,819.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,296 shares of the company’s stock after purchasing an additional 46,979 shares during the period. CX Institutional owned approximately 0.10% of Bread Financial worth $2,369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Bread Financial during the first quarter valued at approximately $386,000. GAMMA Investing LLC lifted its position in shares of Bread Financial by 28.0% in the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock valued at $73,000 after acquiring an additional 319 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Bread Financial by 36.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 18,847 shares of the company’s stock valued at $944,000 after acquiring an additional 5,028 shares in the last quarter. Toth Financial Advisory Corp purchased a new stake in shares of Bread Financial in the 1st quarter valued at approximately $416,000. Finally, Curat Global LLC purchased a new stake in shares of Bread Financial in the 1st quarter valued at approximately $28,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Stock Performance

NYSE:BFH opened at $54.51 on Thursday. Bread Financial Holdings, Inc. has a 1 year low of $38.21 and a 1 year high of $66.71. The firm’s fifty day simple moving average is $49.47 and its 200 day simple moving average is $55.12. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2.54 billion, a PE ratio of 9.82, a PEG ratio of 1.25 and a beta of 1.37.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, April 24th. The company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $956.17 million. During the same period last year, the business posted $2.73 EPS. Bread Financial’s revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

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

Bread Financial Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.54%. Bread Financial’s payout ratio is presently 14.92%.

Analysts Set New Price Targets

A number of research firms have issued reports on BFH. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research report on Monday, April 28th. Jefferies Financial Group increased their target price on shares of Bread Financial from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. The Goldman Sachs Group cut their target price 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. Finally, Morgan Stanley increased their target price on shares of Bread Financial from $36.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, May 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Bread Financial presently has an average rating of “Hold” and an average target price of $60.27.

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.