Oppenheimer & Co. Inc. Purchases New Shares in Bread Financial Holdings, Inc. (NYSE:BFH)

Oppenheimer & Co. Inc. purchased a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,300 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds also recently made changes to their positions in BFH. US Bancorp DE boosted its position in shares of Bread Financial by 10.1% during the third quarter. US Bancorp DE now owns 13,110 shares of the company’s stock valued at $624,000 after purchasing an additional 1,204 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Bread Financial during the third quarter valued at approximately $890,000. Assetmark Inc. boosted its position in shares of Bread Financial by 6.2% during the third quarter. Assetmark Inc. now owns 98,079 shares of the company’s stock valued at $4,667,000 after purchasing an additional 5,752 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Bread Financial during the third quarter valued at approximately $1,676,000. Finally, Versor Investments LP bought a new stake in shares of Bread Financial during the third quarter valued at approximately $695,000. 99.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BFH has been the topic of several analyst reports. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a report on Monday, February 3rd. Barclays boosted their target price on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Compass Point boosted their target price on Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Finally, The Goldman Sachs Group boosted their target price on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $59.69.

Bread Financial Stock Down 1.2 %

BFH stock opened at $48.73 on Monday. Bread Financial Holdings, Inc. has a 1-year low of $32.10 and a 1-year high of $66.71. The business has a fifty day moving average price of $59.66 and a 200-day moving average price of $56.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $2.39 billion, a P/E ratio of 8.78, a P/E/G ratio of 1.25 and a beta of 1.96.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.41 EPS for the quarter, beating 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%. Equities analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, February 14th. Bread Financial’s dividend payout ratio (DPR) is presently 15.14%.

Bread Financial announced that its board has approved a share repurchase plan on Wednesday, March 5th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board 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.