Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by Highland Capital Management LLC

Highland Capital Management LLC lifted its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,734 shares of the company’s stock after buying an additional 350 shares during the period. Highland Capital Management LLC’s holdings in Bread Financial were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Marshall Wace LLP raised its stake in Bread Financial by 372.0% during the second quarter. Marshall Wace LLP now owns 42,948 shares of the company’s stock worth $1,914,000 after purchasing an additional 33,848 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Bread Financial by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,252 shares of the company’s stock worth $1,214,000 after buying an additional 1,276 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Bread Financial during the 2nd quarter valued at approximately $533,000. Algert Global LLC lifted its holdings in Bread Financial by 12.2% in the second quarter. Algert Global LLC now owns 20,486 shares of the company’s stock valued at $913,000 after acquiring an additional 2,226 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Bread Financial in the third quarter worth approximately $363,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BFH has been the topic of several research analyst reports. Compass Point boosted their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Morgan Stanley raised shares of Bread Financial from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $35.00 to $76.00 in a research note on Thursday, December 19th. Keefe, Bruyette & Woods increased 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. Evercore ISI boosted their target price on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group raised their price target on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research report on Tuesday, November 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.69.

Bread Financial Stock Down 0.8 %

NYSE BFH opened at $63.23 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a fifty-two week low of $32.10 and a fifty-two week high of $66.71. The business has a 50 day moving average price of $61.93 and a two-hundred day moving average price of $55.64. The stock has a market cap of $3.14 billion, a PE ratio of 10.07 and a beta of 1.94.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. As a group, sell-side analysts predict that Bread Financial Holdings, Inc. will post 7.6 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, February 14th. Bread Financial’s dividend payout ratio is presently 15.14%.

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.