Jupiter Asset Management Ltd. Grows 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. raised its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 45.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 506,168 shares of the company's stock after acquiring 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 filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Curat Global LLC bought a new position in Bread Financial during the first quarter valued at $28,000. Pinnacle Holdings LLC bought a new position in Bread Financial during the fourth quarter valued at $46,000. Versant Capital Management Inc increased its position in Bread Financial by 182.8% during the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock valued at $65,000 after acquiring an additional 839 shares during the last quarter. GAMMA Investing LLC increased its position in Bread Financial by 28.0% during the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after acquiring an additional 319 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in Bread Financial during the fourth quarter valued at $104,000. Institutional investors own 99.52% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on BFH shares. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research report on Monday, April 28th. Morgan Stanley upped their price target on shares of Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. Royal Bank Of Canada upped their price target on shares of Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. BTIG Research set a $105.00 price target on shares of Bread Financial and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Bread Financial from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $64.42.

Insider Transactions at Bread Financial

In other news, Director John J. Fawcett purchased 1,027 shares of the firm's stock in a transaction on 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 completion of the transaction, the director owned 10,302 shares in the company, valued at $636,560.58. This represents a 11.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by insiders.

Bread Financial Stock Down 1.3%

Bread Financial stock traded down $0.79 during midday trading on Tuesday, hitting $58.63. 26,735 shares of the company's stock were exchanged, compared to its average volume of 854,199. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. Bread Financial Holdings, Inc. has a 12 month low of $38.21 and a 12 month high of $66.71. The firm has a 50-day moving average of $56.91 and a two-hundred day moving average of $54.34. The company has a market cap of $2.73 billion, a PE ratio of 9.90, a P/E/G ratio of 0.98 and a beta of 1.42.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results 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. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The company had revenue of $929.00 million for the quarter, compared to analysts' expectations of $944.69 million. During the same period in the prior year, the business earned $2.66 EPS. The firm's quarterly revenue was down 1.1% on a year-over-year basis. As a group, analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

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