Bread Financial Holdings, Inc. (NYSE:BFH) Shares Purchased by Sigma Planning Corp

Sigma Planning Corp boosted its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 379.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,242 shares of the company’s stock after acquiring an additional 13,649 shares during the quarter. Sigma Planning Corp’s holdings in Bread Financial were worth $1,053,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BFH. CIBC Asset Management Inc lifted its stake in shares of Bread Financial by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,872 shares of the company’s stock valued at $297,000 after purchasing an additional 206 shares during the period. Pallas Capital Advisors LLC increased its holdings in Bread Financial by 6.2% in the third quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock valued at $239,000 after buying an additional 278 shares in the last quarter. Savant Capital LLC raised its position in shares of Bread Financial by 5.8% in the fourth quarter. Savant Capital LLC now owns 5,329 shares of the company’s stock worth $325,000 after acquiring an additional 290 shares during the period. Highland Capital Management LLC boosted its stake in shares of Bread Financial by 6.5% during the 4th quarter. Highland Capital Management LLC now owns 5,734 shares of the company’s stock worth $350,000 after acquiring an additional 350 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in shares of Bread Financial by 2.8% during the 3rd quarter. Natixis Advisors LLC now owns 13,421 shares of the company’s stock valued at $639,000 after acquiring an additional 369 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Price Performance

Shares of BFH stock opened at $55.36 on Tuesday. The firm’s 50-day moving average is $61.59 and its two-hundred day moving average is $56.92. Bread Financial Holdings, Inc. has a 12 month low of $32.10 and a 12 month high of $66.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.19. The company has a market capitalization of $2.72 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.31 and a beta of 1.93.

Bread Financial (NYSE:BFH) last released 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%. Analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders 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 dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, February 14th. Bread Financial’s dividend payout ratio is presently 15.14%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BFH shares. Barclays upped their target price on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Morgan Stanley upgraded shares of Bread Financial from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. TD Cowen increased their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, October 28th. Royal Bank of Canada boosted their target price on shares of Bread Financial from $62.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods raised their price target on shares of Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Bread Financial presently has a consensus rating of “Hold” and a consensus price target of $59.69.

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.