Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lessened its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,560 shares of the company’s stock after selling 502 shares during the period. Stratos Wealth Advisors LLC owned approximately 0.08% of Bread Financial worth $2,354,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Jacobs Levy Equity Management Inc. boosted its stake in shares of Bread Financial by 30.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock valued at $53,353,000 after buying an additional 260,283 shares during the period. Pzena Investment Management LLC raised its holdings in Bread Financial by 38.2% in the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock valued at $41,910,000 after acquiring an additional 243,419 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in Bread Financial in the third quarter worth approximately $6,001,000. Point72 Hong Kong Ltd acquired a new position in Bread Financial during the 3rd quarter worth approximately $4,276,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Bread Financial in the 3rd quarter valued at approximately $3,550,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BFH. Barclays lifted their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Evercore ISI increased their price objective on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their target price on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group increased their price target on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note 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 issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $59.69.

Bread Financial Trading Up 2.9 %

Shares of Bread Financial stock opened at $61.92 on Thursday. The company’s fifty day moving average is $62.13 and its two-hundred day moving average is $55.90. Bread Financial Holdings, Inc. has a 1 year low of $32.10 and a 1 year high of $66.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.15. The company has a market capitalization of $3.08 billion, a P/E ratio of 11.16, a PEG ratio of 1.38 and a beta of 1.93.

Bread Financial (NYSE:BFH) last issued 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 return on equity of 12.41% and a net margin of 5.75%. Analysts forecast that Bread Financial Holdings, Inc. will post 6.46 earnings per share for the current year.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.36%. Bread Financial’s dividend payout ratio (DPR) is 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.