Thrivent Financial for Lutherans Has $2.35 Million Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Thrivent Financial for Lutherans cut its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,427 shares of the company’s stock after selling 584 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Bread Financial worth $2,346,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its holdings in Bread Financial by 2,083.3% during the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Bread Financial by 207.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company’s stock worth $86,000 after acquiring an additional 941 shares during the period. KBC Group NV raised its holdings in Bread Financial by 36.1% in the 4th quarter. KBC Group NV now owns 2,103 shares of the company’s stock valued at $128,000 after acquiring an additional 558 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Bread Financial by 64.6% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock worth $125,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Choreo LLC bought a new position in shares of Bread Financial in the fourth quarter worth $201,000. Institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays increased their price target on shares of Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. Royal Bank of Canada increased their price objective on shares of Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $59.69.

Bread Financial Stock Down 0.3 %

Shares of NYSE:BFH opened at $51.32 on Friday. The firm has a market cap of $2.52 billion, a P/E ratio of 9.25, a P/E/G ratio of 1.25 and a beta of 1.96. Bread Financial Holdings, Inc. has a 12-month low of $32.10 and a 12-month high of $66.71. The business has a fifty day simple moving average of $56.65 and a 200 day simple moving average of $56.11. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. Analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.64%. Bread Financial’s dividend payout ratio (DPR) is currently 15.14%.

Bread Financial declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 5th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to buy up to 6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.