Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,057 shares of the company’s stock after selling 5,374 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.23% of Bread Financial worth $6,842,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Marshall Wace LLP boosted its holdings in Bread Financial by 372.0% in the second quarter. Marshall Wace LLP now owns 42,948 shares of the company’s stock valued at $1,914,000 after purchasing an additional 33,848 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Bread Financial by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,252 shares of the company’s stock valued at $1,214,000 after buying an additional 1,276 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Bread Financial during the second quarter worth about $533,000. Algert Global LLC increased its stake in shares of Bread Financial by 12.2% during the second quarter. Algert Global LLC now owns 20,486 shares of the company’s stock worth $913,000 after buying an additional 2,226 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Bread Financial in the third quarter valued at approximately $363,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analysts Set New Price Targets

BFH has been the topic of a number of recent analyst reports. TD Cowen increased their price objective on shares of Bread Financial from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods increased their target price on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, December 9th. 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 report on Friday. Evercore ISI increased their price objective on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, 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 note on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Bread Financial has an average rating of “Hold” and a consensus price target of $59.69.

Bread Financial Trading Down 0.8 %

Shares of Bread Financial stock opened at $63.23 on Friday. The company’s fifty day moving average is $61.93 and its two-hundred day moving average is $55.67. Bread Financial Holdings, Inc. has a 1 year low of $32.10 and a 1 year high of $66.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $3.14 billion, a P/E ratio of 10.07 and a beta of 1.94.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. Analysts forecast that Bread Financial Holdings, Inc. will post 7.6 earnings per share for the current year.

Bread Financial Dividend Announcement

The company 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 is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.33%. Bread Financial’s dividend payout ratio (DPR) is 13.38%.

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.