Yousif Capital Management LLC Reduces Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

Yousif Capital Management LLC reduced its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,191 shares of the company’s stock after selling 425 shares during the period. Yousif Capital Management LLC’s holdings in Bread Financial were worth $1,355,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Bread Financial during the third quarter worth $363,000. GAMMA Investing LLC increased its position in Bread Financial by 33.5% during the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock worth $49,000 after buying an additional 260 shares in the last quarter. CWM LLC increased its position in Bread Financial by 43.7% during the third quarter. CWM LLC now owns 2,455 shares of the company’s stock worth $117,000 after buying an additional 747 shares in the last quarter. CX Institutional purchased a new position in Bread Financial during the third quarter worth $2,576,000. Finally, nVerses Capital LLC increased its position in Bread Financial by 700.0% during the third quarter. nVerses Capital LLC now owns 3,200 shares of the company’s stock worth $152,000 after buying an additional 2,800 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Price Performance

Shares of NYSE BFH opened at $61.31 on Thursday. Bread Financial Holdings, Inc. has a 1-year low of $32.10 and a 1-year high of $66.71. The business has a 50-day moving average of $62.32 and a 200-day moving average of $56.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.19. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.34 and a beta of 1.93.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate 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 analysts anticipate that Bread Financial Holdings, Inc. will post 6.63 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, February 14th. Bread Financial’s dividend payout ratio (DPR) is 15.14%.

Analysts Set New Price Targets

A number of brokerages have recently commented on BFH. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. Compass Point lifted their price objective on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their price objective on Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods lifted their price objective on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $59.69.

Bread Financial 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.