Bread Financial Holdings, Inc. $BFH Stock Holdings Raised by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 1,426.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,882 shares of the company's stock after purchasing an additional 34,466 shares during the quarter. Fulcrum Asset Management LLP owned about 0.10% of Bread Financial worth $3,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BFH. GAMMA Investing LLC boosted its holdings in shares of Bread Financial by 2.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,842 shares of the company's stock valued at $416,000 after buying an additional 99 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in Bread Financial by 2.6% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,915 shares of the company's stock valued at $383,000 after acquiring an additional 100 shares in the last quarter. Allworth Financial LP grew its holdings in Bread Financial by 27.2% in the second quarter. Allworth Financial LP now owns 679 shares of the company's stock worth $74,000 after purchasing an additional 145 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Bread Financial by 58.7% in the first quarter. Pacer Advisors Inc. now owns 614 shares of the company's stock worth $46,000 after purchasing an additional 227 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Bread Financial by 1.7% during the first quarter. Lazard Asset Management LLC now owns 16,576 shares of the company's stock worth $1,241,000 after purchasing an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Insider Buying and Selling

In other Bread Financial news, Director John Fawcett acquired 5,000 shares of the company's stock in a transaction dated Wednesday, October 28th. The shares were acquired at an average cost of $24.70 per share, with a total value of $123,500.00. Following the acquisition, the director directly owned 5,000 shares of the company's stock, valued at approximately $123,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.30% of the company's stock.

Bread Financial Price Performance

NYSE BFH opened at $98.83 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.16. The stock's fifty day moving average price is $103.43 and its 200 day moving average price is $92.60. Bread Financial Holdings, Inc. has a 1 year low of $59.26 and a 1 year high of $114.53. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 0.80 and a beta of 1.26.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $3.84 EPS for the quarter, topping analysts' consensus estimates of $3.34 by $0.50. Bread Financial had a return on equity of 17.24% and a net margin of 11.19%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $4.02 EPS. The firm's revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that Bread Financial Holdings, Inc. will post 12.66 earnings per share for the current year.

Bread Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, November 30th. This is a positive change from Bread Financial's previous quarterly dividend of $0.23. Bread Financial's dividend payout ratio (DPR) is presently 7.26%.

Wall Street Analyst Weigh In

BFH has been the subject of several analyst reports. Seaport Research Partners set a $123.00 price objective on Bread Financial in a report on Friday, October 23rd. UBS Group reduced their target price on Bread Financial from $127.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, November 2nd. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $115.00 price target on shares of Bread Financial in a research note on Friday, July 24th. TD Cowen increased their price target on Bread Financial from $111.00 to $113.00 and gave the company a "hold" rating in a research note on Friday, October 23rd. Finally, Morgan Stanley set a $107.00 price target on Bread Financial in a report on Friday, July 24th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $111.71.

Bread Financial Company Profile

Bread Financial is a consumer financial services company that works with retailers and other businesses to offer payment and lending products. Its services include private-label and co-branded credit cards, installment payment options and other financing solutions designed for purchases with participating merchants.

The company also offers deposit products through Bread Savings, including online savings accounts and certificates of deposit. Its products serve consumers primarily in the United States.

Bread Financial was previously known as Alliance Data Systems and adopted its current name in 2022.

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