Curat Global LLC Buys Shares of 555 Bread Financial Holdings, Inc. (NYSE:BFH)

Curat Global LLC purchased a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 555 shares of the company’s stock, valued at approximately $28,000.

A number of other large investors also recently modified their holdings of the business. US Bancorp DE increased its position in Bread Financial by 15.1% during the fourth quarter. US Bancorp DE now owns 15,087 shares of the company’s stock worth $921,000 after acquiring an additional 1,977 shares during the period. Principal Financial Group Inc. boosted its holdings in 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 period. New York State Common Retirement Fund grew its position in Bread Financial by 68.5% in the 4th quarter. New York State Common Retirement Fund now owns 36,419 shares of the company’s stock worth $2,224,000 after purchasing an additional 14,800 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Bread Financial during the 4th quarter worth about $201,000. Finally, Atria Investments Inc acquired a new position in shares of Bread Financial during the fourth quarter valued at about $308,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $51.60 on Friday. 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 business’s fifty day moving average price is $49.08 and its two-hundred day moving average price is $55.22. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week high of $66.71. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 1.25 and a beta of 1.37.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.76. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. The company had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $956.17 million. During the same period last year, the business earned $2.73 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. As a group, analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial announced that its board has authorized a stock buyback program 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 shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 9th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.63%. Bread Financial’s dividend payout ratio (DPR) is presently 14.92%.

Analyst Ratings Changes

A number of research firms recently weighed in on BFH. Jefferies Financial Group lifted their target price on Bread Financial from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. The Goldman Sachs Group reduced their price objective on Bread Financial from $68.00 to $58.00 and set a “sell” rating for the company in a research report on Tuesday, March 18th. Morgan Stanley boosted their price objective on Bread Financial from $36.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, May 12th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.27.

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.