Jupiter Asset Management Ltd. Has $25.35 Million Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Key Points

• Jupiter Asset Management Ltd. increased its ownership in Bread Financial Holdings by 45.6%, acquiring an additional 158,557 shares, bringing total holdings to 506,168 shares valued at approximately $25.3 million.
• Multiple hedge funds are actively changing their stakes in Bread Financial, with institutional investors now owning 99.52% of the company's stock.
• Bread Financial recently announced a quarterly dividend of $0.21 per share, representing a 1.5% dividend yield, set to be paid out to stockholders on September 12th.

Jupiter Asset Management Ltd. lifted its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 45.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 506,168 shares of the company's stock after buying an additional 158,557 shares during the period. Jupiter Asset Management Ltd. owned approximately 1.09% of Bread Financial worth $25,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new stake in shares of Bread Financial in the fourth quarter worth about $104,000. Hsbc Holdings PLC boosted its holdings in Bread Financial by 1.0% in the fourth quarter. Hsbc Holdings PLC now owns 1,452,509 shares of the company's stock valued at $89,299,000 after purchasing an additional 13,679 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Bread Financial by 10.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,241,566 shares of the company's stock valued at $75,810,000 after purchasing an additional 120,237 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in Bread Financial by 0.8% in the first quarter. Pzena Investment Management LLC now owns 728,204 shares of the company's stock valued at $36,468,000 after purchasing an additional 6,065 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Bread Financial by 12.1% in the fourth quarter. Northern Trust Corp now owns 601,255 shares of the company's stock valued at $36,713,000 after purchasing an additional 65,138 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Wall Street Analysts Forecast Growth

BFH has been the subject of a number of analyst reports. Royal Bank Of Canada increased their price target on Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Barclays restated an "underweight" rating and set a $52.00 price objective (up previously from $45.00) on shares of Bread Financial in a research note on Tuesday, July 8th. Morgan Stanley upped their price objective on Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. JMP Securities restated a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Finally, Jefferies Financial Group upped their price objective on Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bread Financial has a consensus rating of "Hold" and an average price target of $64.42.

Bread Financial Stock Performance

BFH traded down $0.81 during trading hours on Thursday, hitting $57.88. The company's stock had a trading volume of 30,195 shares, compared to its average volume of 848,925. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week high of $66.71. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $2.70 billion, a PE ratio of 9.81, a PEG ratio of 1.00 and a beta of 1.42. The company has a 50-day simple moving average of $57.36 and a 200 day simple moving average of $54.38.

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

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 8th. Bread Financial's dividend payout ratio (DPR) is presently 14.21%.

Insider Transactions at Bread Financial

In related news, Director John J. Fawcett acquired 1,027 shares of Bread Financial stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average cost of $61.79 per share, with a total value of $63,458.33. Following the purchase, the director directly owned 10,302 shares in the company, valued at $636,560.58. The trade was a 11.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.85% of the company's stock.

About Bread Financial

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.