Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by Bailard Inc.

Bailard Inc. lifted its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 33.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,291 shares of the company’s stock after acquiring an additional 1,591 shares during the quarter. Bailard Inc.’s holdings in Bread Financial were worth $384,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings in 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 purchasing an additional 941 shares during the last quarter. Factorial Partners LLC boosted its stake in shares of Bread Financial by 5.9% in the fourth quarter. Factorial Partners LLC now owns 36,000 shares of the company’s stock worth $2,198,000 after buying an additional 2,000 shares during the last quarter. US Bancorp DE grew its holdings in Bread Financial by 15.1% during the fourth quarter. US Bancorp DE now owns 15,087 shares of the company’s stock worth $921,000 after acquiring an additional 1,977 shares during the period. QRG Capital Management Inc. purchased a new position in Bread Financial during the fourth quarter valued at approximately $224,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Bread Financial in the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $50.41 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. Bread Financial Holdings, Inc. has a 1 year low of $32.10 and a 1 year high of $66.71. The firm has a market capitalization of $2.47 billion, a PE ratio of 9.08, a P/E/G ratio of 1.25 and a beta of 1.93. The business’s 50 day moving average price is $60.44 and its 200-day moving average price is $56.96.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. As a group, equities research analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.84 annualized dividend and a yield of 1.67%. Bread Financial’s dividend payout ratio is presently 15.14%.

Wall Street Analyst Weigh In

BFH has been the topic of a number of analyst reports. Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $35.00 to $76.00 in a research note on Thursday, December 19th. JMP Securities restated a “market perform” rating on shares of Bread Financial in a research report on Monday, February 3rd. 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. Compass Point increased their target price on shares of Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada lifted their price target on Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $59.69.

Bread Financial Company 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.