6,000 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Acquired by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new stake in Bread Financial Holdings, Inc. (NYSE:BFH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,000 shares of the company’s stock, valued at approximately $366,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Bread Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 5,848,495 shares of the company’s stock valued at $357,109,000 after purchasing an additional 36,057 shares during the period. State Street Corp grew its stake in shares of Bread Financial by 2.1% in the 3rd quarter. State Street Corp now owns 2,034,554 shares of the company’s stock valued at $96,804,000 after buying an additional 41,012 shares during the period. American Century Companies Inc. increased its holdings in shares of Bread Financial by 6.8% during the 4th quarter. American Century Companies Inc. now owns 1,382,135 shares of the company’s stock worth $84,393,000 after buying an additional 88,081 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Bread Financial by 31.1% in the fourth quarter. Franklin Resources Inc. now owns 1,207,404 shares of the company’s stock valued at $73,724,000 after acquiring an additional 286,720 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Bread Financial by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock worth $55,012,000 after acquiring an additional 13,459 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Stock Performance

Shares of Bread Financial stock opened at $41.94 on Friday. The business has a 50-day simple moving average of $54.80 and a 200-day simple moving average of $56.08. The company has a market cap of $2.06 billion, a PE ratio of 7.56, a P/E/G ratio of 1.25 and a beta of 1.96. Bread Financial Holdings, Inc. has a one year low of $32.10 and a one year high of $66.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. On average, equities research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

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

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.00%. The ex-dividend date was Friday, February 14th. Bread Financial’s payout ratio is currently 15.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Compass Point upped their price target on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and upped their target price for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. Royal Bank of Canada boosted their price target on shares of Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods increased their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, 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, March 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.67.

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.