Entropy Technologies LP Acquires New Shares in Bread Financial Holdings, Inc. (NYSE:BFH)

Entropy Technologies LP acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,188 shares of the company’s stock, valued at approximately $927,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Bread Financial during the third quarter worth about $363,000. Handelsbanken Fonder AB grew its holdings in Bread Financial by 75.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 14,000 shares of the company’s stock worth $666,000 after acquiring an additional 6,000 shares during the last quarter. GAMMA Investing LLC grew its holdings in Bread Financial by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after acquiring an additional 260 shares during the last quarter. CWM LLC increased its position in Bread Financial by 43.7% in the 3rd quarter. CWM LLC now owns 2,455 shares of the company’s stock valued at $117,000 after acquiring an additional 747 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Bread Financial during the third quarter valued at $576,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Price Performance

Shares of NYSE BFH opened at $60.59 on Tuesday. The firm has a market capitalization of $3.01 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.34 and a beta of 1.93. The firm’s 50-day moving average price is $62.29 and its 200-day moving average price is $56.10. The company has a current ratio of 1.15, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 1-year low of $32.10 and a 1-year high of $66.71.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. Equities research analysts anticipate that Bread Financial Holdings, Inc. will post 6.63 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, February 14th. Bread Financial’s payout ratio is currently 15.14%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BFH shares. 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. TD Cowen increased their price target on Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Evercore ISI raised their price objective on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Royal Bank of Canada upped their target price on Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Finally, JMP Securities restated a “market perform” rating on shares of Bread Financial in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Bread Financial has an average rating of “Hold” and an average target price of $59.69.

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.