Denali Advisors LLC Boosts Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Denali Advisors LLC lifted its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 416.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,032 shares of the company's stock after buying an additional 56,483 shares during the quarter. Denali Advisors LLC owned approximately 0.14% of Bread Financial worth $4,276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BFH. Point72 Asia Singapore Pte. Ltd. boosted its position in Bread Financial by 64.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company's stock valued at $125,000 after purchasing an additional 1,033 shares in the last quarter. KBC Group NV boosted its holdings in Bread Financial by 36.1% in 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 in the last quarter. Choreo LLC acquired a new stake in Bread Financial in the fourth quarter worth about $201,000. Diversified Trust Co acquired a new stake in Bread Financial in the fourth quarter worth about $209,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Bread Financial in the fourth quarter worth about $213,000. Institutional investors own 99.52% of the company's stock.

Analyst Upgrades and Downgrades

BFH has been the subject of several recent analyst reports. 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 report on Thursday, December 19th. Keefe, Bruyette & Woods lifted their target price on Bread Financial from $67.00 to $88.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. The Goldman Sachs Group lifted their target price on Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a report on Tuesday, November 19th. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a report on Monday, February 3rd. Finally, Royal Bank of Canada lifted their target price on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Bread Financial presently has an average rating of "Hold" and a consensus price target of $59.69.

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Bread Financial Stock Performance

NYSE:BFH traded up $0.35 during trading hours on Friday, reaching $53.99. The company had a trading volume of 796,719 shares, compared to its average volume of 665,072. Bread Financial Holdings, Inc. has a 1-year low of $32.10 and a 1-year high of $66.71. The firm has a market cap of $2.65 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 1.25 and a beta of 1.93. The business's 50 day moving average price is $60.90 and its 200-day moving average price is $56.93. 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 results on Thursday, January 30th. The company reported $0.41 earnings per share (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%. Research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date 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.