Bread Financial Holdings, Inc. $BFH Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. cut its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 53.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 138,688 shares of the company’s stock after selling 159,322 shares during the quarter. Jupiter Asset Management Ltd. owned 0.30% of Bread Financial worth $7,735,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in Bread Financial by 127.2% in the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after purchasing an additional 398 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of Bread Financial in the 2nd quarter worth about $42,000. Salomon & Ludwin LLC grew its stake in Bread Financial by 136.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 888 shares of the company’s stock valued at $49,000 after acquiring an additional 512 shares during the last quarter. Strs Ohio purchased a new position in Bread Financial during the 1st quarter valued at about $65,000. Finally, CWM LLC raised its position in Bread Financial by 18.3% during the third quarter. CWM LLC now owns 2,978 shares of the company’s stock worth $166,000 after acquiring an additional 461 shares during the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Stock Up 0.8%

Shares of NYSE BFH opened at $75.62 on Friday. The firm has a market cap of $3.26 billion, a P/E ratio of 6.98, a price-to-earnings-growth ratio of 0.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.19 and a current ratio of 1.17. Bread Financial Holdings, Inc. has a 1 year low of $38.21 and a 1 year high of $82.03. The firm’s 50 day moving average price is $74.56 and its 200 day moving average price is $66.98.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, January 29th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $0.40 by $1.67. Bread Financial had a return on equity of 17.92% and a net margin of 11.02%.The company had revenue of $975.00 million during the quarter, compared to the consensus estimate of $954.74 million. During the same period in the previous year, the firm posted $0.41 EPS. As a group, sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, February 27th. This represents a $0.92 annualized dividend and a yield of 1.2%. Bread Financial’s dividend payout ratio is 8.49%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BFH shares. Morgan Stanley increased their price target on shares of Bread Financial from $62.00 to $68.00 and gave the company an “underweight” rating in a research report on Friday, January 30th. Zacks Research lowered Bread Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. UBS Group initiated coverage on Bread Financial in a report on Thursday, January 8th. They set a “buy” rating and a $92.00 target price on the stock. Keefe, Bruyette & Woods boosted their price target on Bread Financial from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Finally, TD Cowen upped their price objective on Bread Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Bread Financial currently has an average rating of “Hold” and an average target price of $80.09.

Bread Financial Company Profile

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.