Choreo LLC Invests $201,000 in Bread Financial Holdings, Inc. (NYSE:BFH)

Choreo LLC bought a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,277 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new position in Bread Financial in the 3rd quarter worth about $810,000. Geode Capital Management LLC lifted its position in Bread Financial by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock valued at $55,012,000 after acquiring an additional 13,459 shares in the last quarter. Intech Investment Management LLC bought a new stake in Bread Financial in the 3rd quarter worth about $3,550,000. Factorial Partners LLC increased its position in shares of Bread Financial by 78.9% during the 3rd quarter. Factorial Partners LLC now owns 34,000 shares of the company’s stock valued at $1,618,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Bread Financial during the 4th quarter worth approximately $213,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Stock Up 1.9 %

BFH stock opened at $62.41 on Friday. The firm’s fifty day moving average is $62.30 and its 200 day moving average is $56.36. Bread Financial Holdings, Inc. has a one year low of $32.10 and a one year high of $66.71. The firm has a market cap of $3.10 billion, a PE ratio of 11.24, a P/E/G ratio of 1.34 and a beta of 1.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.15.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.41 EPS for the quarter, beating 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 6.63 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be paid a $0.21 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.35%. Bread Financial’s dividend payout ratio (DPR) is 15.14%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Evercore ISI lifted their price target on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Royal Bank of Canada lifted their price target on Bread Financial from $62.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Finally, Barclays raised their price objective on shares of Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Bread Financial currently has a consensus rating of “Hold” and a consensus 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.