Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 41.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,525 shares of the company’s stock after selling 23,450 shares during the period. Segall Bryant & Hamill LLC’s holdings in Bread Financial were worth $2,047,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Bread Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 5,848,495 shares of the company’s stock valued at $357,109,000 after buying an additional 36,057 shares in the last quarter. State Street Corp increased its stake in Bread Financial by 2.1% in the 3rd quarter. State Street Corp now owns 2,034,554 shares of the company’s stock valued at $96,804,000 after purchasing an additional 41,012 shares in the last quarter. American Century Companies Inc. raised its holdings in Bread Financial by 6.8% during the fourth quarter. American Century Companies Inc. now owns 1,382,135 shares of the company’s stock worth $84,393,000 after purchasing an additional 88,081 shares during the last quarter. Geode Capital Management LLC boosted its position in Bread Financial by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock worth $55,012,000 after purchasing an additional 13,459 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Bread Financial by 30.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock valued at $53,353,000 after buying an additional 260,283 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on BFH. The Goldman Sachs Group decreased their price objective on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating on the stock in a research report on Tuesday, March 18th. Royal Bank of Canada increased their price target on shares of Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Compass Point raised their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and upped their target price for the company from $35.00 to $76.00 in a research note on Thursday, December 19th. Finally, Barclays raised their price target on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Two investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $59.69.

Bread Financial Stock Down 2.6 %

Shares of NYSE:BFH opened at $49.95 on Friday. Bread Financial Holdings, Inc. has a 12-month low of $32.10 and a 12-month high of $66.71. The stock’s 50-day moving average price is $56.42 and its two-hundred day moving average price is $56.09. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 1.25 and a beta of 1.96.

Bread Financial (NYSE:BFH) last released its 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 net margin of 5.75% and a return on equity of 12.41%. On average, research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 14th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, February 14th. Bread Financial’s dividend payout ratio (DPR) is currently 15.14%.

Bread Financial announced that its board has initiated a share buyback plan on Wednesday, March 5th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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.