Ieq Capital LLC Purchases Shares of 15,073 Bread Financial Holdings, Inc. (NYSE:BFH)

Ieq Capital LLC bought a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,073 shares of the company's stock, valued at approximately $920,000.

Several other institutional investors also recently modified their holdings of the business. Convergence Investment Partners LLC grew its holdings in shares of Bread Financial by 53.4% in the fourth quarter. Convergence Investment Partners LLC now owns 40,120 shares of the company's stock valued at $2,450,000 after acquiring an additional 13,961 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Bread Financial by 68.5% in the fourth quarter. New York State Common Retirement Fund now owns 36,419 shares of the company's stock valued at $2,224,000 after acquiring an additional 14,800 shares in the last quarter. Truist Financial Corp bought a new position in shares of Bread Financial in the fourth quarter valued at approximately $226,000. CIBC Asset Management Inc grew its holdings in Bread Financial by 4.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,872 shares of the company's stock valued at $297,000 after purchasing an additional 206 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Bread Financial by 2.9% during the fourth 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. 99.52% of the stock is owned by institutional investors.

Bread Financial Price Performance

Shares of BFH stock traded up $0.35 on Friday, reaching $53.99. The company's stock had a trading volume of 796,719 shares, compared to its average volume of 665,072. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 12-month low of $32.10 and a 12-month high of $66.71. The company has a market capitalization of $2.65 billion, a P/E ratio of 9.73, a PEG ratio of 1.25 and a beta of 1.93. The stock's 50 day simple moving average is $60.90 and its 200-day simple moving average is $56.93.

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

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.56%. Bread Financial's dividend payout ratio (DPR) is presently 15.14%.

Analyst Ratings Changes

Several equities analysts have weighed in on BFH shares. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a report on Monday, February 3rd. Royal Bank of Canada increased their price objective on Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods increased their price objective on Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Morgan Stanley raised Bread Financial from an "underweight" rating to an "overweight" rating and increased their price objective for the company from $35.00 to $76.00 in a report on Thursday, December 19th. Finally, The Goldman Sachs Group increased their price objective on Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Bread Financial has an average rating of "Hold" and an average target price of $59.69.

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.