Trexquant Investment LP Boosts Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

Trexquant Investment LP grew its stake in Bread Financial Holdings, Inc. (NYSE:BFHFree Report) by 222.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,853 shares of the company’s stock after acquiring an additional 17,156 shares during the quarter. Trexquant Investment LP owned about 0.05% of Bread Financial worth $819,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. National Bank of Canada FI grew its stake in Bread Financial by 1,280.6% in the fourth quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after purchasing an additional 2,241 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Bread Financial by 25.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock worth $108,000 after acquiring an additional 633 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Bread Financial during the third quarter valued at approximately $116,000. Atria Wealth Solutions Inc. acquired a new stake in Bread Financial in the fourth quarter valued at approximately $206,000. Finally, Los Angeles Capital Management LLC purchased a new position in Bread Financial in the third quarter worth $229,000. 99.52% of the stock is owned by institutional investors.

Bread Financial Stock Up 1.1 %

Shares of BFH stock opened at $41.15 on Friday. Bread Financial Holdings, Inc. has a twelve month low of $26.08 and a twelve month high of $42.73. The stock has a market cap of $2.04 billion, a P/E ratio of 5.18, a P/E/G ratio of 0.19 and a beta of 1.92. The stock has a 50 day moving average of $37.99 and a 200 day moving average of $35.01. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43.

Bread Financial (NYSE:BFHGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.19). The firm had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. Bread Financial’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same period last year, the firm earned $9.08 earnings per share. As a group, sell-side analysts expect that Bread Financial Holdings, Inc. will post 5.58 EPS for the current year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 10th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 2.04%. Bread Financial’s dividend payout ratio is presently 10.58%.

Wall Street Analyst Weigh In

BFH has been the subject of a number of recent analyst reports. Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research report on Thursday, April 4th. Keefe, Bruyette & Woods upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $38.00 to $67.00 in a report on Thursday, May 2nd. Argus downgraded shares of Bread Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BMO Capital Markets upped their price target on shares of Bread Financial from $31.00 to $33.00 and gave the company a “market perform” rating in a research note on Friday, April 26th. Finally, Barclays dropped their price objective on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.17.

Get Our Latest Stock Report on Bread Financial

About Bread Financial

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding BFH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bread Financial Holdings, Inc. (NYSE:BFHFree Report).

Institutional Ownership by Quarter for Bread Financial (NYSE:BFH)

Receive News & Ratings for Bread Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bread Financial and related companies with MarketBeat.com's FREE daily email newsletter.