Bread Financial Holdings, Inc. $BFH Stake Lifted by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 1,426.6% in the third quarter, HoldingsChannel reports. The fund owned 36,882 shares of the company’s stock after purchasing an additional 34,466 shares during the period. Fulcrum Asset Management LLP’s holdings in Bread Financial were worth $3,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of BFH. GAMMA Investing LLC boosted its position in Bread Financial by 2.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,842 shares of the company’s stock worth $416,000 after purchasing an additional 99 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Bread Financial by 2.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,915 shares of the company’s stock valued at $383,000 after purchasing an additional 100 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Bread Financial by 27.2% during the 2nd quarter. Allworth Financial LP now owns 679 shares of the company’s stock valued at $74,000 after purchasing an additional 145 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Bread Financial by 58.7% during the 1st quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock valued at $46,000 after purchasing an additional 227 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Bread Financial by 1.7% in the 1st quarter. Lazard Asset Management LLC now owns 16,576 shares of the company’s stock valued at $1,241,000 after purchasing an additional 272 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John Fawcett acquired 5,000 shares of Bread Financial stock in a transaction on Wednesday, October 28th. The stock was bought at an average cost of $24.70 per share, for a total transaction of $123,500.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $123,500. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Bread Financial Stock Down 2.9%

Bread Financial stock opened at $98.83 on Tuesday. The stock has a market capitalization of $3.75 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 0.80 and a beta of 1.26. Bread Financial Holdings, Inc. has a 12 month low of $59.26 and a 12 month high of $114.53. The business has a 50 day simple moving average of $103.43 and a 200-day simple moving average of $92.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.16.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, October 22nd. The company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.50. Bread Financial had a return on equity of 17.24% and a net margin of 11.19%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company posted $4.02 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts anticipate that Bread Financial Holdings, Inc. will post 12.66 EPS for the current fiscal year.

Bread Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 30th. This is a boost from Bread Financial’s previous quarterly dividend of $0.23. Bread Financial’s payout ratio is presently 7.26%.

Analyst Upgrades and Downgrades

BFH has been the topic of a number of recent analyst reports. Wolfe Research raised shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a report on Tuesday, August 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bread Financial in a report on Thursday, October 22nd. Citigroup reaffirmed a “market perform” rating on shares of Bread Financial in a report on Monday, October 26th. Barclays decreased their price objective on shares of Bread Financial from $110.00 to $107.00 and set an “equal weight” rating for the company in a research report on Friday, October 23rd. Finally, Wall Street Zen raised shares of Bread Financial from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Bread Financial presently has an average rating of “Hold” and a consensus price target of $111.71.

Bread Financial Profile

Bread Financial is a consumer financial services company that works with retailers and other businesses to offer payment and lending products. Its services include private-label and co-branded credit cards, installment payment options and other financing solutions designed for purchases with participating merchants.

The company also offers deposit products through Bread Savings, including online savings accounts and certificates of deposit. Its products serve consumers primarily in the United States.

Bread Financial was previously known as Alliance Data Systems and adopted its current name in 2022.