Quantbot Technologies LP Sells 12,358 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Quantbot Technologies LP reduced its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 27.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,064 shares of the company’s stock after selling 12,358 shares during the quarter. Quantbot Technologies LP owned 0.06% of Bread Financial worth $1,958,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Intech Investment Management LLC increased its holdings in shares of Bread Financial by 96.8% in the fourth quarter. Intech Investment Management LLC now owns 146,805 shares of the company’s stock worth $8,964,000 after acquiring an additional 72,204 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of Bread Financial in the fourth quarter worth about $284,000. Corient Private Wealth LLC bought a new stake in shares of Bread Financial in the fourth quarter worth about $237,000. Royce & Associates LP increased its holdings in shares of Bread Financial by 28.7% in the fourth quarter. Royce & Associates LP now owns 154,040 shares of the company’s stock worth $9,406,000 after acquiring an additional 34,365 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Bread Financial by 8.9% in the fourth quarter. Natixis Advisors LLC now owns 14,620 shares of the company’s stock worth $893,000 after acquiring an additional 1,199 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BFH has been the subject of a number of research reports. Royal Bank of Canada increased their price objective on Bread Financial from $62.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. The Goldman Sachs Group decreased their price objective on Bread Financial from $68.00 to $58.00 and set a “sell” rating for the company in a report on Tuesday, March 18th. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a report on Monday, February 3rd. Compass Point increased their price objective on Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Bread Financial currently has an average rating of “Hold” and a consensus target price of $59.69.

Bread Financial Stock Performance

BFH opened at $50.04 on Monday. Bread Financial Holdings, Inc. has a 12-month low of $32.10 and a 12-month high of $66.71. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 1.25 and a beta of 1.96. The business has a 50 day moving average of $57.29 and a 200-day moving average of $56.24. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33.

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

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were given a $0.21 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.68%. Bread Financial’s payout ratio is 15.14%.

Bread Financial announced that its board has initiated a share buyback plan on Wednesday, March 5th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are usually an indication 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.