7,713 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,713 shares of the company’s stock, valued at approximately $386,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Bread Financial by 28.0% during the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock worth $73,000 after purchasing an additional 319 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Bread Financial by 36.4% during the first quarter. Harbor Capital Advisors Inc. now owns 18,847 shares of the company’s stock worth $944,000 after purchasing an additional 5,028 shares in the last quarter. Toth Financial Advisory Corp bought a new stake in Bread Financial during the first quarter worth approximately $416,000. Curat Global LLC bought a new stake in Bread Financial during the first quarter worth approximately $28,000. Finally, Versant Capital Management Inc raised its holdings in Bread Financial by 182.8% during the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company’s stock worth $65,000 after purchasing an additional 839 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Bread Financial Trading Up 2.0%

NYSE BFH opened at $55.83 on Wednesday. Bread Financial Holdings, Inc. has a twelve month low of $38.21 and a twelve month high of $66.71. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 1.01 and a beta of 1.37. The firm’s 50 day moving average price is $50.95 and its two-hundred day moving average price is $54.66.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.76. Bread Financial had a net margin of 5.89% and a return on equity of 12.60%. The firm had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $956.17 million. During the same period in the previous year, the company posted $2.73 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. Equities analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial declared that its board has authorized a stock repurchase program on Wednesday, March 5th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, May 9th. Bread Financial’s payout ratio is 14.92%.

Analysts Set New Price Targets

BFH has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on Bread Financial from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, April 24th. JMP Securities restated a “market perform” rating on shares of Bread Financial in a research report on Monday, April 28th. Morgan Stanley lifted their price target on shares of Bread Financial from $36.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, May 12th. Finally, The Goldman Sachs Group decreased their price target on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a research report on Tuesday, March 18th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $60.27.

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.