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 trimmed its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 6.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 owned 0.32% of Bread Financial worth $13,279,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake in Bread Financial by 5,814.5% in the 1st quarter. Fifth Third Bancorp now owns 17,566 shares of the company’s stock worth $1,315,000 after purchasing an additional 17,269 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Bread Financial by 38,301.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 215,815 shares of the company’s stock worth $15,977,000 after buying an additional 215,253 shares during the period. Bank of America Corp DE grew its holdings in shares of Bread Financial by 18.1% during the first quarter. Bank of America Corp DE now owns 630,225 shares of the company’s stock worth $47,198,000 after buying an additional 96,771 shares in the last quarter. California State Teachers Retirement System raised its position in Bread Financial by 23.6% in the 1st quarter. California State Teachers Retirement System now owns 54,175 shares of the company’s stock valued at $4,057,000 after buying an additional 10,347 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in Bread Financial by 240.1% in the 4th quarter. Intech Investment Management LLC now owns 156,689 shares of the company’s stock valued at $11,600,000 after acquiring an additional 110,616 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BFH. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a report on Tuesday, August 25th. Evercore reissued an “outperform” rating and set a $116.00 price target on shares of Bread Financial in a research report on Monday, July 6th. Weiss Ratings restated a “buy (b)” rating on shares of Bread Financial in a report on Friday, July 24th. Morgan Stanley set a $107.00 target price on Bread Financial in a report on Friday, July 24th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Bread Financial in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $112.08.

Bread Financial Trading Up 1.8%

Bread Financial stock opened at $110.70 on Friday. Bread Financial Holdings, Inc. has a 52 week low of $53.83 and a 52 week high of $114.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $4.25 billion, a P/E ratio of 8.63, a PEG ratio of 0.70 and a beta of 1.10. The stock has a 50-day simple moving average of $105.48 and a 200 day simple moving average of $91.38.

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

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st. Bread Financial’s payout ratio is currently 7.18%.

Insider Buying and Selling at Bread Financial

In related news, Director Praniti Lakhwara sold 2,802 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total value of $297,348.24. Following the transaction, the director owned 4,458 shares in the company, valued at approximately $473,082.96. This represents a 38.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

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.