Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 201,167 shares of the company's stock after selling 61,714 shares during the quarter. Bank of Montreal Can owned approximately 0.40% of Bread Financial worth $12,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Picton Mahoney Asset Management lifted its position in shares of Bread Financial by 2,083.3% during the fourth quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Bread Financial by 207.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company's stock worth $86,000 after acquiring an additional 941 shares in the last quarter. KBC Group NV increased its position in shares of 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 period. Choreo LLC bought a new stake in shares of Bread Financial during the fourth quarter valued at approximately $201,000. Finally, Oppenheimer & Co. Inc. bought a new position in Bread Financial in the fourth quarter worth approximately $201,000. 99.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BFH shares. Compass Point increased their target price on shares of Bread Financial from $75.00 to $87.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. 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 report on Friday, January 31st. The Goldman Sachs Group reduced their price objective on shares of Bread Financial from $68.00 to $58.00 and set a "sell" rating for the company in a research note on Tuesday, March 18th. Morgan Stanley cut Bread Financial from an "overweight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a research report on Monday, April 7th. Finally, Royal Bank of Canada boosted their price target on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $57.08.

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Bread Financial Stock Performance

Bread Financial stock traded up $0.33 during trading hours on Wednesday, hitting $45.96. 1,285,646 shares of the stock traded hands, compared to its average volume of 877,970. Bread Financial Holdings, Inc. has a 1 year low of $32.10 and a 1 year high of $66.71. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 1.25 and a beta of 1.58. 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 firm's 50 day moving average price is $51.59 and its 200-day moving average price is $55.78.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results 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%. As a group, equities analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were given a dividend of $0.21 per share. The ex-dividend date was Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.83%. Bread Financial's dividend payout ratio is presently 15.14%.

Bread Financial declared that its board has authorized a share buyback plan on Wednesday, March 5th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to buy up to 6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

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.