Jupiter Asset Management Ltd. Has $21.23 Million Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Jupiter Asset Management Ltd. lifted its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 347,611 shares of the company's stock after acquiring an additional 38,821 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.70% of Bread Financial worth $21,225,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BFH. Great Lakes Advisors LLC lifted its holdings in shares of Bread Financial by 5,654.9% in the fourth quarter. Great Lakes Advisors LLC now owns 256,151 shares of the company's stock valued at $15,641,000 after purchasing an additional 251,700 shares in the last quarter. HighTower Advisors LLC raised its position in Bread Financial by 45.4% during the fourth quarter. HighTower Advisors LLC now owns 8,308 shares of the company's stock valued at $507,000 after buying an additional 2,596 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Bread Financial by 11.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,050 shares of the company's stock valued at $797,000 after buying an additional 1,379 shares during the period. Amundi lifted its stake in Bread Financial by 88.5% in the 4th quarter. Amundi now owns 33,820 shares of the company's stock worth $2,005,000 after acquiring an additional 15,883 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its position in Bread Financial by 327.9% during the 4th quarter. Edgestream Partners L.P. now owns 57,271 shares of the company's stock worth $3,497,000 after acquiring an additional 43,887 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Stock Performance

Shares of NYSE BFH opened at $48.24 on Thursday. The business's 50-day simple moving average is $58.84 and its 200-day simple moving average is $56.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15. Bread Financial Holdings, Inc. has a 52 week low of $32.10 and a 52 week high of $66.71. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 1.25 and a beta of 1.96.

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Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. As a group, equities research analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, February 14th. Bread Financial's dividend payout ratio is 15.14%.

Bread Financial announced that its Board of Directors has initiated a stock buyback plan on Wednesday, March 5th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

BFH has been the topic of a number of research reports. Compass Point upped their target price on Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods upped their price objective on shares of Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. The Goldman Sachs Group lifted their target price on shares of Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research note on Tuesday, November 19th. Barclays boosted their price target on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a report on Friday, January 31st. Finally, Morgan Stanley upgraded Bread Financial from an "underweight" rating to an "overweight" rating and increased their price objective for the stock from $35.00 to $76.00 in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Bread Financial presently has an average rating of "Hold" and a consensus target price of $59.69.

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.

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