Bread Financial Holdings, Inc. $BFH Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. trimmed its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 78.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,226 shares of the company’s stock after selling 26,344 shares during the period. Meeder Asset Management Inc.’s holdings in Bread Financial were worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BFH. Kemnay Advisory Services Inc. acquired a new position in Bread Financial during the 4th quarter worth approximately $28,000. Cullen Frost Bankers Inc. acquired a new stake in Bread Financial in the fourth quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. grew its position in Bread Financial by 141.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock valued at $31,000 after acquiring an additional 329 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Bread Financial by 127.2% during the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after purchasing an additional 398 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Bread Financial by 8,300.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 840 shares of the company’s stock valued at $47,000 after purchasing an additional 830 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bread Financial

In other news, CEO Ralph J. Andretta sold 15,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $89.10, for a total transaction of $1,336,500.00. Following the completion of the transaction, the chief executive officer owned 582,241 shares in the company, valued at approximately $51,877,673.10. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John J. Fawcett acquired 698 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $86.43 per share, for a total transaction of $60,328.14. Following the acquisition, the director owned 11,000 shares in the company, valued at approximately $950,730. This trade represents a 6.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.30% of the stock is currently owned by company insiders.

Bread Financial Trading Up 0.2%

NYSE BFH opened at $99.55 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.15 and a current ratio of 1.15. Bread Financial Holdings, Inc. has a one year low of $53.83 and a one year high of $109.91. The company has a 50-day simple moving average of $95.95 and a 200-day simple moving average of $83.42. The firm has a market capitalization of $4.02 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 0.88 and a beta of 1.10.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $4.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $1.18. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $992.05 million. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.86 EPS. On average, equities analysts forecast that Bread Financial Holdings, Inc. will post 10.98 earnings per share for the current year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, May 29th. Bread Financial’s dividend payout ratio (DPR) is presently 7.53%.

Analysts Set New Price Targets

BFH has been the subject of several analyst reports. Evercore restated an “outperform” rating and issued a $116.00 target price on shares of Bread Financial in a research note on Monday, July 6th. Loop Capital started coverage on shares of Bread Financial in a research note on Thursday, May 21st. They set a “buy” rating and a $104.00 price target on the stock. Royal Bank Of Canada boosted their price objective on shares of Bread Financial from $105.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, June 12th. Wolfe Research reissued a “positive” rating on shares of Bread Financial in a research report on Wednesday, June 10th. Finally, Zacks Research downgraded Bread Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $108.25.

Bread Financial 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.