Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. trimmed its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 14.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 96,113 shares of the company’s stock after selling 16,057 shares during the period. Thompson Investment Management Inc. owned about 0.20% of Bread Financial worth $4,813,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in BFH. Castlekeep Investment Advisors LLC acquired a new stake in shares of Bread Financial in the fourth quarter valued at $104,000. Point72 Asset Management L.P. lifted its stake in Bread Financial by 550.8% during the 4th quarter. Point72 Asset Management L.P. now owns 462,307 shares of the company’s stock worth $28,228,000 after acquiring an additional 391,272 shares in the last quarter. Norges Bank acquired a new position in shares of Bread Financial in the fourth quarter valued at approximately $23,740,000. Franklin Resources Inc. grew its stake in shares of Bread Financial by 31.1% in the fourth quarter. Franklin Resources Inc. now owns 1,207,404 shares of the company’s stock worth $73,724,000 after acquiring an additional 286,720 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its stake in shares of Bread Financial by 5,654.9% in the fourth quarter. Great Lakes Advisors LLC now owns 256,151 shares of the company’s stock valued at $15,641,000 after acquiring an additional 251,700 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on BFH. 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 research note on Thursday, April 24th. The Goldman Sachs Group reduced their target price on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a report on Tuesday, March 18th. 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 note on Monday, May 12th. Finally, JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Bread Financial has an average rating of “Hold” and an average price target of $60.27.

Bread Financial Price Performance

Shares of NYSE:BFH opened at $52.35 on Wednesday. Bread Financial Holdings, Inc. has a 12 month low of $38.21 and a 12 month high of $66.71. The firm has a market capitalization of $2.44 billion, a P/E ratio of 9.43, a P/E/G ratio of 1.25 and a beta of 1.37. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. The company’s fifty day moving average price is $49.22 and its 200 day moving average price is $55.13.

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

Bread Financial declared that its Board of Directors has approved a share repurchase plan on Wednesday, March 5th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, May 9th. Bread Financial’s dividend payout ratio is currently 14.92%.

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.