Jupiter Asset Management Ltd. Cuts Stock Position in Bread Financial Holdings, Inc. $BFH

Jupiter Asset Management Ltd. trimmed its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 53.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,688 shares of the company’s stock after selling 159,322 shares during the period. Jupiter Asset Management Ltd.’s holdings in Bread Financial were worth $7,735,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BFH. EverSource Wealth Advisors LLC raised its holdings in Bread Financial by 127.2% in the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after acquiring an additional 398 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in Bread Financial during the 2nd quarter worth $42,000. Salomon & Ludwin LLC increased its position in shares of Bread Financial by 136.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 888 shares of the company’s stock worth $49,000 after purchasing an additional 512 shares during the last quarter. Strs Ohio bought a new stake in shares of Bread Financial in the 1st quarter worth about $65,000. Finally, CWM LLC raised its stake in shares of Bread Financial by 18.3% in the 3rd quarter. CWM LLC now owns 2,978 shares of the company’s stock valued at $166,000 after purchasing an additional 461 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analysts Set New Price Targets

BFH has been the subject of a number of research reports. Zacks Research downgraded Bread Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $72.00 target price on shares of Bread Financial in a report on Thursday, December 4th. Keefe, Bruyette & Woods boosted their price target on Bread Financial from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, January 2nd. UBS Group initiated coverage on Bread Financial in a research report on Thursday, January 8th. They set a “buy” rating and a $92.00 price target on the stock. Finally, Morgan Stanley lifted their price objective on shares of Bread Financial from $62.00 to $68.00 and gave the stock an “underweight” rating in a report on Friday, January 30th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $80.09.

Bread Financial Trading Up 0.8%

Shares of NYSE BFH opened at $75.62 on Friday. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $82.03. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 0.48 and a beta of 1.26. The company has a current ratio of 1.17, a quick ratio of 1.19 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $74.56 and its 200 day simple moving average is $66.98.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $1.67. The firm had revenue of $975.00 million during the quarter, compared to the consensus estimate of $954.74 million. Bread Financial had a return on equity of 17.92% and a net margin of 11.02%.During the same period in the prior year, the business earned $0.41 EPS. Equities research analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, February 27th. Bread Financial’s dividend payout ratio (DPR) is 8.49%.

About Bread Financial

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.