Meeder Asset Management Inc. Acquires 4,202 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Meeder Asset Management Inc. grew its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 139.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 7,226 shares of the company’s stock after purchasing an additional 4,202 shares during the quarter. Meeder Asset Management Inc.’s holdings in Bread Financial were worth $344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BFH. SG Americas Securities LLC bought a new position in Bread Financial in the first quarter valued at approximately $152,000. Sei Investments Co. grew its stake in shares of Bread Financial by 58.5% in the first quarter. Sei Investments Co. now owns 84,317 shares of the company’s stock valued at $3,140,000 after buying an additional 31,122 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Bread Financial by 3.4% during the first quarter. Russell Investments Group Ltd. now owns 22,087 shares of the company’s stock worth $823,000 after buying an additional 722 shares during the last quarter. ProShare Advisors LLC raised its position in Bread Financial by 7.4% during the first quarter. ProShare Advisors LLC now owns 10,011 shares of the company’s stock worth $373,000 after acquiring an additional 688 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Bread Financial by 21.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 26,966 shares of the company’s stock worth $987,000 after acquiring an additional 4,692 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

BFH has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Bank of America lowered their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Compass Point raised their price objective on Bread Financial from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. TD Cowen lifted their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group increased their price target on Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Bread Financial currently has an average rating of “Hold” and a consensus target price of $50.00.

Bread Financial Stock Down 0.1 %

Shares of BFH opened at $57.59 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a 12 month low of $26.58 and a 12 month high of $63.01. The firm’s 50 day moving average is $51.32 and its 200-day moving average is $48.53. The stock has a market capitalization of $2.86 billion, a PE ratio of 9.17 and a beta of 1.94.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The company had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. Bread Financial’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $3.46 EPS. Equities research analysts forecast that Bread Financial Holdings, Inc. will post 7.63 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.46%. Bread Financial’s payout ratio is 13.38%.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were bought at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the purchase, the director now owns 6,473 shares in the company, valued at approximately $330,252.46. This trade represents a 18.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.62% of the company’s stock.

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.