Integrated Quantitative Investments LLC Invests $366,000 in Bread Financial Holdings, Inc. (NYSE:BFH)

Integrated Quantitative Investments LLC acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 6,000 shares of the company’s stock, valued at approximately $366,000.

Other large investors also recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its position in Bread Financial by 2,083.3% in the fourth quarter. Picton Mahoney Asset Management now owns 524 shares of the company’s stock worth $32,000 after purchasing an additional 500 shares during the period. Smartleaf Asset Management LLC grew its position in Bread Financial by 207.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company’s stock worth $86,000 after buying an additional 941 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Bread Financial by 64.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock valued at $125,000 after buying an additional 1,033 shares in the last quarter. KBC Group NV lifted its position in shares of Bread Financial by 36.1% during the 4th quarter. KBC Group NV now owns 2,103 shares of the company’s stock valued at $128,000 after acquiring an additional 558 shares during the last quarter. Finally, Choreo LLC bought a new stake in shares of Bread Financial during the 4th quarter worth $201,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BFH shares. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a report on Monday, February 3rd. Barclays upped their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. Keefe, Bruyette & Woods raised their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group cut their target price on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Bread Financial presently has an average rating of “Hold” and a consensus price target of $60.67.

Bread Financial Stock Down 6.4 %

BFH opened at $41.94 on Friday. The company has a market capitalization of $2.06 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 1.25 and a beta of 1.96. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. Bread Financial Holdings, Inc. has a fifty-two week low of $32.10 and a fifty-two week high of $66.71. The business has a 50-day moving average of $54.80 and a 200-day moving average of $56.08.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. 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 authorized a stock buyback plan on Wednesday, March 5th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Bread Financial Announces Dividend

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

Bread Financial 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.