Y Intercept Hong Kong Ltd Buys 27,308 Shares of Bread Financial Holdings, Inc. $BFH

Y Intercept Hong Kong Ltd grew its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 162.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,101 shares of the company’s stock after buying an additional 27,308 shares during the period. Y Intercept Hong Kong Ltd owned 0.10% of Bread Financial worth $2,460,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BFH. EverSource Wealth Advisors LLC increased its holdings in Bread Financial by 127.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock worth $41,000 after acquiring an additional 398 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in Bread Financial during the second quarter worth about $42,000. Salomon & Ludwin LLC raised its position in Bread Financial by 136.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 888 shares of the company’s stock valued at $49,000 after purchasing an additional 512 shares in the last quarter. Strs Ohio acquired a new stake in Bread Financial in the first quarter valued at $65,000. Finally, CWM LLC boosted its stake in Bread Financial by 18.3% during the 3rd quarter. CWM LLC now owns 2,978 shares of the company’s stock worth $166,000 after purchasing an additional 461 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Stock Up 0.4%

Shares of BFH traded up $0.31 during trading hours on Wednesday, hitting $69.76. The stock had a trading volume of 16,702 shares, compared to its average volume of 958,195. The firm has a market capitalization of $3.19 billion, a P/E ratio of 7.10, a price-to-earnings-growth ratio of 0.48 and a beta of 1.27. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $82.03. The firm has a 50 day simple moving average of $72.61 and a 200-day simple moving average of $65.36.

Bread Financial declared that its board has authorized a stock buyback program on Thursday, October 23rd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BFH shares. UBS Group assumed coverage on Bread Financial in a report on Thursday, January 8th. They set a “buy” rating and a $92.00 price objective for the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $83.00 target price on shares of Bread Financial in a research report on Monday, January 12th. Evercore ISI set a $81.00 price objective on Bread Financial in a report on Tuesday, January 6th. Barclays increased their price objective on Bread Financial from $52.00 to $61.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 6th. Finally, TD Cowen restated a “hold” rating on shares of Bread Financial in a research note on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $78.82.

Bread Financial Profile

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.