Jupiter Asset Management Ltd. Sells 19,849 Shares of Bread Financial Holdings, Inc. $BFH

Jupiter Asset Management Ltd. reduced its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 14.3% in the fourth quarter, HoldingsChannel reports. The firm owned 118,839 shares of the company’s stock after selling 19,849 shares during the period. Jupiter Asset Management Ltd.’s holdings in Bread Financial were worth $8,798,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BFH. Cullen Frost Bankers Inc. purchased a new position in Bread Financial in the fourth quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Bread Financial by 141.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock valued at $31,000 after buying an additional 329 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Bread Financial by 127.2% during the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after buying an additional 398 shares during the last quarter. First Horizon Corp bought a new stake in shares of Bread Financial in the 4th quarter valued at about $56,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Bread Financial by 8,300.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 840 shares of the company’s stock valued at $47,000 after buying an additional 830 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Insiders Place Their Bets

In other Bread Financial news, Director John J. Fawcett bought 698 shares of Bread Financial stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of $86.43 per share, with a total value of $60,328.14. Following the completion of the acquisition, the director directly owned 11,000 shares in the company, valued at approximately $950,730. This trade represents a 6.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roger H. Ballou sold 9,687 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $90.32, for a total transaction of $874,929.84. Following the transaction, the director owned 30,079 shares of the company’s stock, valued at $2,716,735.28. This represents a 24.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is owned by corporate insiders.

Bread Financial Trading Up 0.7%

Shares of NYSE:BFH opened at $89.07 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.25. Bread Financial Holdings, Inc. has a 52-week low of $49.17 and a 52-week high of $99.13. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 0.83 and a beta of 1.12. The business has a 50-day moving average price of $82.85 and a 200-day moving average price of $75.94.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, April 23rd. The company reported $4.18 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $1.18. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $992.05 million. During the same quarter in the prior year, the firm earned $2.86 earnings per share. Bread Financial’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts predict that Bread Financial Holdings, Inc. will post 10.59 EPS for the current year.

Bread Financial declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 26th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the company to buy up to 19% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.23 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.0%. Bread Financial’s dividend payout ratio is presently 7.53%.

Analysts Set New Price Targets

Several research analysts recently commented on BFH shares. Evercore reiterated an “outperform” rating and set a $99.00 price objective on shares of Bread Financial in a research note on Wednesday, April 29th. TD Cowen raised their target price on shares of Bread Financial from $80.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Wall Street Zen lowered shares of Bread Financial from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley set a $98.00 price target on Bread Financial in a research report on Friday, April 24th. Finally, BTIG Research increased their price objective on Bread Financial from $98.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $94.25.

About Bread Financial

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.