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

Jupiter Asset Management Ltd. lifted its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 12.6% during the 4th quarter, HoldingsChannel reports. The fund owned 347,611 shares of the company’s stock after buying an additional 38,821 shares during the period. Jupiter Asset Management Ltd.’s holdings in Bread Financial were worth $21,225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of BFH. Smartleaf Asset Management LLC lifted its position in shares of Bread Financial by 207.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,394 shares of the company’s stock worth $86,000 after acquiring an additional 941 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Bread Financial by 64.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock valued at $125,000 after acquiring an additional 1,033 shares during the last quarter. KBC Group NV boosted its holdings in shares of Bread Financial by 36.1% in the 4th quarter. KBC Group NV now owns 2,103 shares of the company’s stock worth $128,000 after acquiring an additional 558 shares in the last quarter. Choreo LLC bought a new stake in Bread Financial during the 4th quarter worth approximately $201,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Bread Financial during the fourth quarter worth $201,000. Institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Up 1.2 %

Shares of NYSE:BFH opened at $48.24 on Thursday. The company has a 50 day moving average price of $58.84 and a two-hundred day moving average price of $56.67. The company has a market capitalization of $2.37 billion, a PE ratio of 8.69, a PEG ratio of 1.25 and a beta of 1.96. Bread Financial Holdings, Inc. has a 52 week low of $32.10 and a 52 week high of $66.71. 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 (NYSE:BFH) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.41 EPS for the quarter, topping 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%. Analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, February 14th. Bread Financial’s dividend payout ratio (DPR) is presently 15.14%.

Bread Financial announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 5th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a report on Friday, January 31st. Compass Point upped their price target on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Barclays lifted their price objective on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. JMP Securities restated a “market perform” rating on shares of Bread Financial in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group raised 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Bread Financial currently has a consensus rating of “Hold” and a consensus target price of $59.69.

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.