14,907 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,907 shares of the company’s stock, valued at approximately $910,000.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its position in shares of Bread Financial by 31.1% during the fourth quarter. Franklin Resources Inc. now owns 1,207,404 shares of the company’s stock worth $73,724,000 after acquiring an additional 286,720 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Bread Financial by 4.3% during the 4th quarter. Alliancebernstein L.P. now owns 64,462 shares of the company’s stock worth $3,936,000 after purchasing an additional 2,632 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Bread Financial by 2.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company’s stock worth $443,000 after purchasing an additional 175 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Bread Financial by 9.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,026 shares of the company’s stock valued at $429,000 after purchasing an additional 604 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Bread Financial during the fourth quarter valued at approximately $579,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Trading Up 3.0 %

NYSE:BFH opened at $51.69 on Thursday. Bread Financial Holdings, Inc. has a 12 month low of $32.10 and a 12 month high of $66.71. 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’s 50 day moving average is $55.65 and its 200 day moving average is $56.21. The stock has a market capitalization of $2.54 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 1.25 and a beta of 1.96.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (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%. Sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial declared that its board has authorized a stock repurchase program on Wednesday, March 5th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to buy up to 6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Friday, February 14th. Bread Financial’s dividend payout ratio (DPR) is presently 15.14%.

Analyst Upgrades and Downgrades

BFH has been the subject of several recent research reports. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Royal Bank of Canada upped their target price on shares of Bread Financial from $62.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a research report on Monday, February 3rd. Barclays upped their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group decreased their price objective on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating for the company in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Bread Financial presently has an average rating of “Hold” and a consensus 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.