Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lessened its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,969 shares of the company’s stock after selling 248 shares during the period. CIBC Private Wealth Group LLC’s holdings in Bread Financial were worth $176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in BFH. World Investment Advisors LLC acquired a new stake in shares of Bread Financial in the 3rd quarter valued at about $810,000. Geode Capital Management LLC boosted its holdings in shares of Bread Financial by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock valued at $55,012,000 after acquiring an additional 13,459 shares during the period. US Bancorp DE boosted its holdings in shares of Bread Financial by 15.1% in the fourth quarter. US Bancorp DE now owns 15,087 shares of the company’s stock valued at $921,000 after acquiring an additional 1,977 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Bread Financial during the fourth quarter worth approximately $213,000. Finally, Quadrature Capital Ltd raised its position in Bread Financial by 99.6% in the 3rd quarter. Quadrature Capital Ltd now owns 17,574 shares of the company’s stock valued at $836,000 after purchasing an additional 8,768 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Down 6.4 %

BFH stock opened at $41.94 on Monday. Bread Financial Holdings, Inc. has a 52 week low of $32.10 and a 52 week high of $66.71. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.02 billion, a P/E ratio of 7.56, a P/E/G ratio of 1.25 and a beta of 1.58. The company’s 50-day moving average price is $54.80 and its 200 day moving average price is $56.13.

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

Bread Financial announced that its Board of Directors has approved a share buyback plan on Wednesday, March 5th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, February 14th. Bread Financial’s dividend payout ratio (DPR) is presently 15.14%.

Analyst Ratings Changes

A number of research firms have commented on BFH. Barclays lifted their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Morgan Stanley upgraded 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 report on Thursday, December 19th. Compass Point increased their price objective on Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. JMP Securities restated a “market perform” rating on shares of Bread Financial in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Bread Financial currently has a consensus rating of “Hold” and a consensus price target of $60.67.

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.