UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 8,457 Shares of Bread Financial Holdings, Inc. $BFH

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 6.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 122,558 shares of the company’s stock after selling 8,457 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Bread Financial were worth $13,279,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new stake in Bread Financial in the 2nd quarter valued at about $30,000. Kemnay Advisory Services Inc. bought a new stake in shares of Bread Financial in the fourth quarter valued at approximately $28,000. Cullen Frost Bankers Inc. acquired a new stake in Bread Financial during the fourth quarter worth approximately $29,000. Pacer Advisors Inc. grew its position in Bread Financial by 58.7% during the first quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock worth $46,000 after buying an additional 227 shares in the last quarter. Finally, Allworth Financial LP bought a new position in Bread Financial during the 2nd quarter worth $74,000. 99.52% of the stock is owned by institutional investors.

Bread Financial Stock Up 1.8%

NYSE:BFH opened at $110.70 on Friday. Bread Financial Holdings, Inc. has a one year low of $53.83 and a one year high of $114.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $4.25 billion, a PE ratio of 8.63, a P/E/G ratio of 0.70 and a beta of 1.10. The firm’s 50 day simple moving average is $105.48 and its 200 day simple moving average is $91.38.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.81. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $959.32 million. During the same period in the prior year, the business posted $3.15 earnings per share. Bread Financial’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts anticipate that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.23 per share. The ex-dividend date is Monday, August 31st. This represents a $0.92 annualized dividend and a dividend yield of 0.8%. Bread Financial’s dividend payout ratio is presently 7.18%.

Insider Activity

In related news, Director Praniti Lakhwara sold 2,802 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total transaction of $297,348.24. Following the transaction, the director owned 4,458 shares in the company, valued at $473,082.96. The trade was a 38.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

BFH has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Bread Financial in a research note on Friday, July 24th. Bank of America reissued a “buy” rating and issued a $108.00 price objective on shares of Bread Financial in a research note on Wednesday, June 10th. Weiss Ratings restated a “buy (b)” rating on shares of Bread Financial in a research note on Friday, July 24th. Barclays lifted their price target on Bread Financial from $104.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, BTIG Research raised their price objective on Bread Financial from $105.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $112.08.

Bread Financial Company Profile

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.