Picton Mahoney Asset Management Has $32,000 Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Picton Mahoney Asset Management grew its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 2,083.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 524 shares of the company’s stock after buying an additional 500 shares during the quarter. Picton Mahoney Asset Management’s holdings in Bread Financial were worth $32,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of Bread Financial by 207.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company’s stock valued at $86,000 after buying an additional 941 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Bread Financial by 64.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock valued at $125,000 after buying an additional 1,033 shares in the last quarter. KBC Group NV increased its stake in shares of Bread Financial by 36.1% in the fourth quarter. KBC Group NV now owns 2,103 shares of the company’s stock valued at $128,000 after buying an additional 558 shares in the last quarter. Choreo LLC acquired a new stake in Bread Financial in the fourth quarter worth about $201,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Bread Financial in the fourth quarter worth about $201,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Trading Down 2.9 %

NYSE:BFH opened at $47.83 on Tuesday. Bread Financial Holdings, Inc. has a fifty-two week low of $32.10 and a fifty-two week high of $66.71. 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 stock has a market capitalization of $2.35 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 1.25 and a beta of 1.96. The business’s 50-day simple moving average is $58.05 and its 200-day simple moving average is $56.47.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, beating 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%. Sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

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

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, February 14th. Bread Financial’s dividend payout ratio (DPR) is presently 15.14%.

Analysts Set New Price Targets

A number of analysts recently commented on BFH shares. Keefe, Bruyette & Woods lifted their price objective on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada lifted their price objective on Bread Financial from $62.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research report on Monday, February 3rd. Compass Point lifted their price objective on Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.69.

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.