Envestnet Asset Management Inc. Increases Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Envestnet Asset Management Inc. boosted its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 15.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,816 shares of the company’s stock after purchasing an additional 1,412 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Bread Financial were worth $542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BFH. Castlekeep Investment Advisors LLC purchased a new stake in shares of Bread Financial during the fourth quarter valued at approximately $104,000. Hsbc Holdings PLC grew its holdings in shares of Bread Financial by 1.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,452,509 shares of the company’s stock valued at $89,299,000 after buying an additional 13,679 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Bread Financial by 10.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,241,566 shares of the company’s stock valued at $75,810,000 after buying an additional 120,237 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Bread Financial by 12.1% during the fourth quarter. Northern Trust Corp now owns 601,255 shares of the company’s stock valued at $36,713,000 after buying an additional 65,138 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Bread Financial by 550.8% during the fourth quarter. Point72 Asset Management L.P. now owns 462,307 shares of the company’s stock valued at $28,228,000 after buying an additional 391,272 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Down 0.8%

BFH opened at $58.95 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $66.71. The company has a market capitalization of $2.75 billion, a PE ratio of 9.97, a PEG ratio of 1.01 and a beta of 1.42. The firm’s 50 day simple moving average is $57.21 and its two-hundred day simple moving average is $54.35.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, topping the consensus estimate of $1.85 by $1.29. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The business had revenue of $929.00 million for the quarter, compared to the consensus estimate of $944.69 million. During the same period last year, the firm earned $2.66 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, equities analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be given a $0.21 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.84 annualized dividend and a yield of 1.4%. Bread Financial’s dividend payout ratio (DPR) is presently 14.21%.

Insiders Place Their Bets

In other Bread Financial news, Director John J. Fawcett purchased 1,027 shares of the firm’s stock in a transaction on Wednesday, July 30th. The shares were acquired at an average cost of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the transaction, the director owned 10,302 shares of the company’s stock, valued at approximately $636,560.58. The trade was a 11.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

BFH has been the topic of a number of recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a report on Monday, April 28th. Barclays reiterated an “underweight” rating and set a $52.00 price target (up previously from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Royal Bank Of Canada increased their price target on shares of Bread Financial from $65.00 to $74.00 and gave the company a “sector perform” rating in a report on Friday, July 25th. Morgan Stanley increased their price target on shares of Bread Financial from $36.00 to $39.00 and gave the company an “underweight” rating in a report on Monday, May 12th. Finally, BTIG Research set a $105.00 price objective on shares of Bread Financial and gave the company a “buy” rating in a research report on Monday, July 14th. Three analysts have rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.42.

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.