Bread Financial Holdings, Inc. (NYSE:BFH) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,872 shares of the company’s stock after purchasing an additional 206 shares during the period. CIBC Asset Management Inc’s holdings in Bread Financial were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Bread Financial by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 241,087 shares of the company’s stock valued at $14,721,000 after purchasing an additional 6,888 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Bread Financial by 3.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 36,450 shares of the company’s stock worth $2,226,000 after purchasing an additional 1,218 shares during the period. Savant Capital LLC grew its position in Bread Financial by 5.8% in the 4th quarter. Savant Capital LLC now owns 5,329 shares of the company’s stock valued at $325,000 after buying an additional 290 shares during the last quarter. Entropy Technologies LP acquired a new position in Bread Financial in the 4th quarter valued at $927,000. Finally, Choreo LLC purchased a new position in Bread Financial during the 4th quarter worth $201,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on BFH shares. Morgan Stanley raised shares of 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 report on Thursday, December 19th. Keefe, Bruyette & Woods lifted their price objective on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, December 9th. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a report on Monday, February 3rd. Compass Point lifted their price target on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group increased their price objective 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 given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $59.69.

Bread Financial Price Performance

Bread Financial stock opened at $55.36 on Tuesday. The firm has a market capitalization of $2.72 billion, a PE ratio of 9.97, a P/E/G ratio of 1.31 and a beta of 1.93. Bread Financial Holdings, Inc. has a 52 week low of $32.10 and a 52 week high of $66.71. The firm’s 50-day simple moving average is $61.59 and its 200 day simple moving average is $56.92. The company has a quick ratio of 1.19, a current ratio of 1.15 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business 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 1.52%. The ex-dividend date is Friday, February 14th. Bread Financial’s dividend payout ratio (DPR) is presently 15.14%.

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.