Corient Private Wealth LLC Invests $237,000 in Bread Financial Holdings, Inc. (NYSE:BFH)

Corient Private Wealth LLC purchased a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,877 shares of the company’s stock, valued at approximately $237,000.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of Bread Financial by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 730,531 shares of the company’s stock worth $34,759,000 after purchasing an additional 13,484 shares during the period. Hantz Financial Services Inc. grew its stake in Bread Financial by 4.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 24,516 shares of the company’s stock worth $1,166,000 after buying an additional 976 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Bread Financial in the third quarter worth $6,001,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in Bread Financial by 64.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock valued at $125,000 after buying an additional 1,033 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Bread Financial during the third quarter valued at $747,000. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Price Performance

Shares of BFH stock opened at $50.08 on Tuesday. 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 capitalization of $2.46 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 1.25 and a beta of 1.96. The firm’s 50 day moving average is $56.19 and its 200-day moving average is $56.23. Bread Financial Holdings, Inc. has a 1 year low of $32.10 and a 1 year high of $66.71.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial announced that its board has approved a share buyback program on Wednesday, March 5th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were paid a $0.21 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.68%. Bread Financial’s dividend payout ratio (DPR) is presently 15.14%.

Analyst Upgrades and Downgrades

Several brokerages have commented on BFH. Morgan Stanley upgraded shares of Bread Financial from an “underweight” rating to an “overweight” rating and raised their price target for the company from $35.00 to $76.00 in a research note on Thursday, December 19th. Royal Bank of Canada raised their target price on Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price target on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group cut 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 note on Tuesday, March 18th. 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 company’s stock. According to MarketBeat, Bread Financial presently has an average rating of “Hold” and an average target price of $59.69.

About Bread Financial

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.