Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 984,435 shares of the company’s stock after selling 16,152 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.98% of Bread Financial worth $60,110,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc raised its position in shares of Bread Financial by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,872 shares of the company’s stock valued at $297,000 after purchasing an additional 206 shares in the last quarter. Savant Capital LLC raised its holdings in Bread Financial by 5.8% in the fourth quarter. Savant Capital LLC now owns 5,329 shares of the company’s stock valued at $325,000 after acquiring an additional 290 shares in the last quarter. Highland Capital Management LLC boosted its stake in Bread Financial by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 5,734 shares of the company’s stock valued at $350,000 after acquiring an additional 350 shares during the last quarter. Picton Mahoney Asset Management grew its holdings in Bread Financial by 2,083.3% during the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company’s stock worth $32,000 after acquiring an additional 500 shares in the last quarter. Finally, KBC Group NV increased its position 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 worth $128,000 after purchasing an additional 558 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Bread Financial from $62.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research report on Monday, February 3rd. Keefe, Bruyette & Woods upped their price target on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Barclays lifted their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group dropped their target price on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Bread Financial currently has an average rating of “Hold” and a consensus target price of $59.69.

Bread Financial Price Performance

Shares of NYSE:BFH opened at $50.16 on Wednesday. The firm’s 50 day moving average is $55.92 and its two-hundred day moving average is $56.24. The firm has a market capitalization of $2.46 billion, a P/E ratio of 9.04, a PEG ratio of 1.25 and a beta of 1.96. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 52 week low of $32.10 and a 52 week high of $66.71.

Bread Financial (NYSE:BFH) last posted 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%. Analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, February 14th. Bread Financial’s dividend payout ratio is currently 15.14%.

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

About Bread Financial

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.