Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC grew its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 53.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,120 shares of the company’s stock after buying an additional 13,961 shares during the period. Convergence Investment Partners LLC owned 0.08% of Bread Financial worth $2,450,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. KBC Group NV raised its position in shares of Bread Financial by 36.1% in the fourth quarter. KBC Group NV now owns 2,103 shares of the company’s stock valued at $128,000 after buying an additional 558 shares during the last quarter. CWM LLC grew its holdings in shares of Bread Financial by 43.7% in the third quarter. CWM LLC now owns 2,455 shares of the company’s stock valued at $117,000 after purchasing an additional 747 shares during the period. Point72 Asia Singapore Pte. Ltd. grew 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 purchasing an additional 1,033 shares during the period. Choreo LLC purchased a new stake in shares of Bread Financial in the fourth quarter valued at about $201,000. Finally, Diversified Trust Co purchased a new stake in shares of Bread Financial in the fourth quarter valued at about $209,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Stock Down 0.8 %

BFH stock opened at $61.92 on Wednesday. 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 twelve month low of $32.10 and a twelve month high of $66.71. The company’s 50 day moving average is $62.26 and its two-hundred day moving average is $56.45. The stock has a market cap of $3.08 billion, a P/E ratio of 11.16, a PEG ratio of 1.34 and a beta of 1.93.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect that Bread Financial Holdings, Inc. will post 6.63 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.36%. Bread Financial’s dividend payout ratio (DPR) is 15.14%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $76.00 in a report on Thursday, December 19th. Keefe, Bruyette & Woods upped their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Compass Point increased their target price on shares of Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Royal Bank of Canada increased 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. Finally, Evercore ISI increased their target price on shares of Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Bread Financial has an average rating of “Hold” and an average price target 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.