Janney Montgomery Scott LLC Buys 11,069 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Janney Montgomery Scott LLC increased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 51.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,720 shares of the company's stock after buying an additional 11,069 shares during the quarter. Janney Montgomery Scott LLC owned 0.07% of Bread Financial worth $1,639,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Curat Global LLC bought a new stake in shares of Bread Financial in the 1st quarter worth approximately $28,000. Picton Mahoney Asset Management increased its holdings in Bread Financial by 2,083.3% in the 4th quarter. Picton Mahoney Asset Management now owns 524 shares of the company's stock valued at $32,000 after buying an additional 500 shares during the period. Pinnacle Holdings LLC acquired a new position in Bread Financial in the fourth quarter worth about $46,000. Versant Capital Management Inc raised its holdings in shares of Bread Financial by 182.8% in the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock worth $65,000 after buying an additional 839 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Bread Financial by 28.0% during the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after acquiring an additional 319 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BFH has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. Jefferies Financial Group raised their price target on Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a report on Thursday, April 24th. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Finally, The Goldman Sachs Group decreased their target price on Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $60.27.

Bread Financial Trading Up 0.5%

Shares of BFH traded up $0.31 during trading hours on Monday, hitting $57.17. 678,393 shares of the stock traded hands, compared to its average volume of 873,192. The business has a fifty day moving average of $51.78 and a 200-day moving average of $54.35. The firm has a market capitalization of $2.66 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 1.05 and a beta of 1.37. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $66.71. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.42.

Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.10 by $0.76. The company had revenue of $970.00 million for the quarter, compared to the consensus estimate of $956.17 million. Bread Financial had a net margin of 5.89% and a return on equity of 12.60%. The company's revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.73 EPS. Analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 9th were issued a $0.21 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.84 annualized dividend and a yield of 1.47%. Bread Financial's dividend payout ratio is currently 14.92%.

Bread Financial announced that its Board of Directors has approved a stock repurchase plan on Wednesday, March 5th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is 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.