23,421 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Acquired by Anderson Financial Strategies LLC

Anderson Financial Strategies LLC acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 23,421 shares of the company’s stock, valued at approximately $1,430,000. Bread Financial comprises about 0.9% of Anderson Financial Strategies LLC’s holdings, making the stock its 21st biggest holding.

Other hedge funds have also recently modified their holdings of the company. Picton Mahoney Asset Management grew its position in shares of Bread Financial by 2,083.3% during the fourth quarter. Picton Mahoney Asset Management now owns 524 shares of the company’s stock worth $32,000 after acquiring an additional 500 shares during the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Bread Financial in the fourth quarter valued at about $46,000. Smartleaf Asset Management LLC boosted its stake in shares of Bread Financial by 207.7% during 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 period. KBC Group NV grew its holdings in shares of Bread Financial by 36.1% during the fourth quarter. KBC Group NV now owns 2,103 shares of the company’s stock worth $128,000 after buying an additional 558 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Bread Financial during the 4th quarter valued at approximately $200,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on BFH. Jefferies Financial Group upped their price target on Bread Financial from $45.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, April 24th. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a report on Monday, April 28th. Compass Point lifted their price target on Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group dropped their target price on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating for the company in a report on Tuesday, March 18th. Finally, Royal Bank of Canada increased their price target on shares of Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Bread Financial has an average rating of “Hold” and an average target price of $60.00.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $48.84 on Friday. The company has a market cap of $2.35 billion, a P/E ratio of 8.80, a PEG ratio of 1.25 and a beta of 1.58. Bread Financial Holdings, Inc. has a one year low of $38.21 and a one year high of $66.71. The business’s 50-day simple moving average is $48.32 and its 200 day simple moving average is $55.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.76. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $956.17 million. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.73 EPS. On average, sell-side analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 9th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, May 9th. Bread Financial’s payout ratio is currently 14.92%.

Bread Financial announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 5th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

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.