Bread Financial Holdings, Inc. (NYSE:BFH) Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 13.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,389 shares of the company's stock after purchasing an additional 13,990 shares during the quarter. Assetmark Inc. owned approximately 0.25% of Bread Financial worth $5,879,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HighTower Advisors LLC boosted its stake in Bread Financial by 45.4% in the 4th quarter. HighTower Advisors LLC now owns 8,308 shares of the company's stock worth $507,000 after purchasing an additional 2,596 shares during the period. Corient Private Wealth LLC purchased a new position in shares of Bread Financial in the fourth quarter worth $237,000. KLP Kapitalforvaltning AS bought a new position in shares of Bread Financial during the fourth quarter worth $611,000. LPL Financial LLC grew its stake in Bread Financial by 69.6% during the fourth quarter. LPL Financial LLC now owns 39,197 shares of the company's stock valued at $2,393,000 after acquiring an additional 16,081 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Bread Financial by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,848,495 shares of the company's stock valued at $357,109,000 after acquiring an additional 36,057 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BFH. Royal Bank Of Canada raised their price objective on Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Jefferies Financial Group lifted their price objective on Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. Barclays reiterated an "underweight" rating and set a $52.00 target price (up from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Wall Street Zen raised shares of Bread Financial from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $64.42.

Insider Buying and Selling

In other Bread Financial news, Director John J. Fawcett bought 1,027 shares of the firm's stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average cost of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the transaction, the director owned 10,302 shares in the company, valued at $636,560.58. This trade represents a 11.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is owned by company insiders.

Bread Financial Trading Down 5.2%

Shares of Bread Financial stock traded down $3.22 during trading on Friday, hitting $58.08. The stock had a trading volume of 561,117 shares, compared to its average volume of 855,372. The stock has a market cap of $2.71 billion, a PE ratio of 9.83, a PEG ratio of 1.05 and a beta of 1.38. Bread Financial Holdings, Inc. has a 12 month low of $38.21 and a 12 month high of $66.71. The firm's fifty day simple moving average is $56.77 and its 200-day simple moving average is $54.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.17.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $1.29. The business had revenue of $929.00 million during the quarter, compared to the consensus estimate of $944.69 million. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.66 earnings per share. As a group, sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 8th. Bread Financial's dividend payout ratio is 14.21%.

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.