LPL Financial LLC Buys 16,081 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

LPL Financial LLC grew its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 69.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,197 shares of the company's stock after purchasing an additional 16,081 shares during the quarter. LPL Financial LLC owned approximately 0.08% of Bread Financial worth $2,393,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. World Investment Advisors LLC bought a new position in shares of Bread Financial during the third quarter worth about $810,000. Geode Capital Management LLC increased its stake in shares of Bread Financial by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company's stock valued at $55,012,000 after purchasing an additional 13,459 shares during the period. US Bancorp DE increased its stake in shares of Bread Financial by 15.1% in the fourth quarter. US Bancorp DE now owns 15,087 shares of the company's stock valued at $921,000 after purchasing an additional 1,977 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Bread Financial during the fourth quarter worth approximately $213,000. Finally, State Street Corp grew its holdings in Bread Financial by 2.1% in the 3rd quarter. State Street Corp now owns 2,034,554 shares of the company's stock worth $96,804,000 after buying an additional 41,012 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Barclays increased their target price on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. The Goldman Sachs Group cut their target price 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. Compass Point upped their price objective 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 reaffirmed a "market perform" rating on shares of Bread Financial in a report on Monday, February 3rd. Finally, Royal Bank of Canada upped their price target on shares of Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $57.08.

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Bread Financial Stock Up 1.8 %

Bread Financial stock traded up $0.85 during trading hours on Thursday, hitting $46.72. The company had a trading volume of 414,781 shares, compared to its average volume of 936,333. The firm's fifty day moving average is $51.27 and its 200-day moving average is $55.71. The firm has a market capitalization of $2.25 billion, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 1.25 and a beta of 1.58. Bread Financial Holdings, Inc. has a fifty-two week low of $32.25 and a fifty-two week 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 1.15.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial announced that its board has approved a stock buyback program on Wednesday, March 5th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to purchase up to 6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were issued a $0.21 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.80%. Bread Financial's dividend payout ratio is currently 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.