Savant Capital LLC Grows Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Savant Capital LLC raised its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,329 shares of the company’s stock after buying an additional 290 shares during the period. Savant Capital LLC’s holdings in Bread Financial were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Entropy Technologies LP purchased a new position in Bread Financial in the fourth quarter valued at $927,000. Choreo LLC acquired a new stake in shares of Bread Financial during the fourth quarter worth about $201,000. Highland Capital Management LLC increased its position in Bread Financial by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 5,734 shares of the company’s stock valued at $350,000 after acquiring an additional 350 shares during the period. KBC Group NV increased its position in Bread Financial by 36.1% in the 4th quarter. KBC Group NV now owns 2,103 shares of the company’s stock valued at $128,000 after acquiring an additional 558 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in Bread Financial by 3.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 84,876 shares of the company’s stock valued at $5,183,000 after acquiring an additional 2,995 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Trading Up 1.9 %

Shares of BFH opened at $62.41 on Tuesday. The stock has a fifty day moving average of $62.26 and a two-hundred day moving average of $56.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.15. The company has a market capitalization of $3.10 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.34 and a beta of 1.93. Bread Financial Holdings, Inc. has a fifty-two week low of $32.10 and a fifty-two week high of $66.71.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.41 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, analysts forecast that Bread Financial Holdings, Inc. will post 6.63 EPS for the current year.

Bread Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BFH shares. Keefe, Bruyette & Woods boosted their price target on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a report on Monday, February 3rd. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $76.00 in a report on Thursday, December 19th. The Goldman Sachs Group lifted 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. Finally, Evercore ISI boosted their price target on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Two investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.