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

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

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Bread Financial by 33.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after purchasing an additional 260 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Bread Financial by 6.2% during the third quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock worth $239,000 after buying an additional 278 shares in the last quarter. Highland Capital Management LLC raised its position in shares of Bread Financial by 6.5% in the fourth quarter. Highland Capital Management LLC now owns 5,734 shares of the company’s stock valued at $350,000 after buying an additional 350 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Bread Financial by 2.8% during the third quarter. Natixis Advisors LLC now owns 13,421 shares of the company’s stock valued at $639,000 after buying an additional 369 shares during the period. Finally, KBC Group NV boosted its position in Bread Financial by 36.1% during the fourth quarter. KBC Group NV now owns 2,103 shares of the company’s stock worth $128,000 after acquiring an additional 558 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BFH has been the subject of several analyst reports. Compass Point boosted their price target on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research note on Monday. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $35.00 to $76.00 in a research note on Thursday, December 19th. Royal Bank of Canada upped their price objective on shares of Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Finally, TD Cowen raised their target price on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $59.69.

Bread Financial Price Performance

Bread Financial stock opened at $61.92 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. The firm 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. The firm has a fifty day moving average of $62.13 and a 200-day moving average of $55.90. Bread Financial Holdings, Inc. has a 52-week low of $32.10 and a 52-week high of $66.71.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.41 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%. As a group, analysts predict that Bread Financial Holdings, Inc. will post 6.46 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Friday, February 14th. Bread Financial’s dividend payout ratio (DPR) is presently 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.