Advisors Preferred LLC Invests $1.72 Million in Bread Financial Holdings, Inc. (NYSE:BFH)

Advisors Preferred LLC bought a new stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 51,985 shares of the company's stock, valued at approximately $1,715,000. Advisors Preferred LLC owned approximately 0.11% of Bread Financial at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BFH. Denali Advisors LLC increased its stake in Bread Financial by 46.8% during the 4th quarter. Denali Advisors LLC now owns 153,402 shares of the company's stock worth $5,053,000 after buying an additional 48,900 shares during the period. Thompson Investment Management Inc. increased its stake in Bread Financial by 1.7% during the 4th quarter. Thompson Investment Management Inc. now owns 266,562 shares of the company's stock worth $8,781,000 after buying an additional 4,556 shares during the period. Clearview Wealth Advisors LLC purchased a new stake in Bread Financial during the 4th quarter worth $327,000. Range Financial Group LLC purchased a new stake in Bread Financial during the 4th quarter worth $735,000. Finally, First Hawaiian Bank increased its stake in Bread Financial by 17.2% during the 4th quarter. First Hawaiian Bank now owns 8,479 shares of the company's stock worth $279,000 after buying an additional 1,245 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Stock Performance

Bread Financial stock traded down $0.13 during midday trading on Friday, reaching $35.48. 698,993 shares of the stock traded hands, compared to its average volume of 877,621. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $36.87 and a two-hundred day moving average price of $32.85. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 2.48, a PEG ratio of 0.17 and a beta of 1.93. Bread Financial Holdings, Inc. has a fifty-two week low of $23.19 and a fifty-two week high of $41.89.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, January 25th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.67) by $1.57. The firm had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $984.36 million. Bread Financial had a net margin of 13.87% and a return on equity of 26.24%. Bread Financial's revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted ($2.68) EPS. On average, equities research analysts forecast that Bread Financial Holdings, Inc. will post 7.2 earnings per share for the current year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 9th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, February 8th. Bread Financial's dividend payout ratio is currently 5.87%.

Insider Transactions at Bread Financial

In other news, major shareholder Turtle Creek Asset Management sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $32.44, for a total value of $811,000.00. Following the completion of the sale, the insider now directly owns 313,454 shares of the company's stock, valued at approximately $10,168,447.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 255,000 shares of company stock valued at $8,280,400. Company insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Oppenheimer raised shares of Bread Financial from a "market perform" rating to an "outperform" rating and set a $52.00 target price for the company in a research report on Friday, January 26th. BMO Capital Markets dropped their target price on shares of Bread Financial from $33.00 to $32.00 and set a "market perform" rating for the company in a research report on Monday, January 29th. Morgan Stanley downgraded shares of Bread Financial from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $31.00 to $25.00 in a research report on Wednesday, December 13th. Royal Bank of Canada reissued a "sector perform" rating and issued a $36.00 target price on shares of Bread Financial in a research report on Friday, January 26th. Finally, Wolfe Research raised shares of Bread Financial from a "peer perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a research report on Thursday. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Bread Financial presently has a consensus rating of "Hold" and an average price target of $36.08.

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.