17,442 Shares in Bread Financial Holdings, Inc. $BFH Bought by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC purchased 17,442 shares of Bread Financial valued at approximately $1.89 million. Hedge funds and other institutional investors collectively own 99.52% of the company.
• Bread Financial reported quarterly EPS of $3.55, beating estimates by $0.81, while revenue rose 6.9% year over year to $993 million. The company also declared a quarterly dividend of $0.23 per share, representing a 0.8% yield.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $112.08. BFH recently traded at $108.83, near its 52-week high of $114.53.

Jupiter Topco LLC purchased a new stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 17,442 shares of the company's stock, valued at approximately $1,891,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its holdings in shares of Bread Financial by 5,814.5% during the 1st quarter. Fifth Third Bancorp now owns 17,566 shares of the company's stock valued at $1,315,000 after buying an additional 17,269 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Bread Financial by 38,301.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 215,815 shares of the company's stock worth $15,977,000 after acquiring an additional 215,253 shares during the period. Bank of America Corp DE grew its position in Bread Financial by 18.1% in the first quarter. Bank of America Corp DE now owns 630,225 shares of the company's stock valued at $47,198,000 after acquiring an additional 96,771 shares in the last quarter. Intech Investment Management LLC grew its position in Bread Financial by 240.1% in the fourth quarter. Intech Investment Management LLC now owns 156,689 shares of the company's stock valued at $11,600,000 after acquiring an additional 110,616 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Bread Financial by 23.6% during the first quarter. California State Teachers Retirement System now owns 54,175 shares of the company's stock valued at $4,057,000 after purchasing an additional 10,347 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Bread Financial Price Performance

BFH stock opened at $108.83 on Friday. The stock's 50 day moving average is $105.39 and its two-hundred day moving average is $91.24. Bread Financial Holdings, Inc. has a 52-week low of $53.83 and a 52-week high of $114.53. The company has a market capitalization of $4.18 billion, a PE ratio of 8.49, a P/E/G ratio of 0.67 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.25.

Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.74 by $0.81. The company had revenue of $993.00 million during the quarter, compared to analysts' expectations of $959.32 million. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The business's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.15 EPS. Analysts predict that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, August 31st. Bread Financial's dividend payout ratio is 7.18%.

Insiders Place Their Bets

In other Bread Financial news, Director Praniti Lakhwara sold 2,802 shares of the firm's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total transaction of $297,348.24. Following the completion of the transaction, the director directly owned 4,458 shares of the company's stock, valued at $473,082.96. This trade represents a 38.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BFH shares. Weiss Ratings reissued a "buy (b)" rating on shares of Bread Financial in a research report on Friday, July 24th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $115.00 price target on shares of Bread Financial in a report on Friday, July 24th. The Goldman Sachs Group lifted their price target on shares of Bread Financial from $94.00 to $108.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 7th. TD Cowen boosted their price objective on shares of Bread Financial from $103.00 to $114.00 and gave the stock a "hold" rating in a report on Friday, July 24th. Finally, Zacks Research raised shares of Bread Financial from a "hold" rating to a "strong-buy" rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $112.08.

Bread Financial 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.

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