Jupiter Asset Management Ltd. Reduces Holdings in Bread Financial Holdings, Inc. $BFH

Jupiter Asset Management Ltd. reduced its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 41.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 298,010 shares of the company’s stock after selling 208,158 shares during the period. Jupiter Asset Management Ltd. owned 0.64% of Bread Financial worth $17,022,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new position in Bread Financial during the first quarter worth approximately $364,000. Envestnet Asset Management Inc. grew its position in shares of Bread Financial by 15.0% during the first quarter. Envestnet Asset Management Inc. now owns 10,816 shares of the company’s stock worth $542,000 after acquiring an additional 1,412 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Bread Financial by 70.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 44,364 shares of the company’s stock worth $2,222,000 after acquiring an additional 18,266 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Bread Financial by 42.8% in the 1st quarter. Victory Capital Management Inc. now owns 93,207 shares of the company’s stock valued at $4,668,000 after acquiring an additional 27,919 shares during the period. Finally, Pzena Investment Management LLC raised its position in Bread Financial by 0.8% in the 1st 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. 99.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BFH shares. Royal Bank Of Canada raised their price objective on shares of Bread Financial from $64.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. increased their target price on shares of Bread Financial from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Keefe, Bruyette & Woods dropped their price target on Bread Financial from $88.00 to $71.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Cowen reaffirmed a “hold” rating on shares of Bread Financial in a research note on Friday, October 24th. Finally, TD Cowen increased their price objective on Bread Financial from $63.00 to $68.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $70.00.

Bread Financial Trading Up 0.9%

Shares of Bread Financial stock opened at $64.03 on Thursday. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 6.52, a price-to-earnings-growth ratio of 0.50 and a beta of 1.51. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $68.01. The company’s 50-day simple moving average is $61.21 and its 200-day simple moving average is $58.36. The company has a quick ratio of 1.18, a current ratio of 1.19 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $1.91. Bread Financial had a return on equity of 15.97% and a net margin of 10.08%.The company had revenue of $971.00 million for the quarter, compared to analyst estimates of $974.30 million. During the same quarter in the previous year, the company earned $1.83 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 7th will be issued a dividend of $0.23 per share. This is a boost from Bread Financial’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 7th. Bread Financial’s dividend payout ratio is currently 9.37%.

Bread Financial announced that its board has approved a share repurchase plan on Wednesday, August 27th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Bread Financial 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.