State of Alaska Department of Revenue Has $1.58 Million Stock Position in Bread Financial Holdings, Inc. $BFH

State of Alaska Department of Revenue increased its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,722 shares of the company’s stock after acquiring an additional 520 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Bread Financial worth $1,582,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Bread Financial by 28.0% in the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock worth $73,000 after acquiring an additional 319 shares during the period. Royal Bank of Canada lifted its stake in shares of Bread Financial by 39.0% in the first quarter. Royal Bank of Canada now owns 217,773 shares of the company’s stock worth $10,905,000 after acquiring an additional 61,047 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Bread Financial by 15.0% in the first quarter. Envestnet Asset Management Inc. now owns 10,816 shares of the company’s stock worth $542,000 after acquiring an additional 1,412 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Bread Financial by 2.9% in the first quarter. Allianz Asset Management GmbH now owns 488,316 shares of the company’s stock worth $24,455,000 after acquiring an additional 13,656 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Bread Financial in the fourth quarter valued at approximately $338,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Trading Up 1.2%

Shares of Bread Financial stock opened at $55.78 on Friday. The stock has a fifty day simple moving average of $61.60 and a 200 day simple moving average of $55.63. Bread Financial Holdings, Inc. has a 12-month low of $38.21 and a 12-month high of $68.01. The company has a market capitalization of $2.60 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 0.50 and a beta of 1.41. 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 (NYSE:BFH) last announced its quarterly earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $1.29. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The business had revenue of $929.00 million during the quarter, compared to the consensus estimate of $944.69 million. During the same quarter in the prior year, the company posted $2.66 earnings per share. Bread Financial’s revenue was down 1.1% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial declared that its board has authorized a stock buyback program on Wednesday, August 27th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 8th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, August 8th. This represents a $0.84 annualized dividend and a yield of 1.5%. Bread Financial’s dividend payout ratio is 14.21%.

Insider Transactions at Bread Financial

In other Bread Financial news, Director John J. Fawcett acquired 1,027 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were acquired at an average price of $61.79 per share, with a total value of $63,458.33. Following the completion of the transaction, the director owned 10,302 shares in the company, valued at approximately $636,560.58. This trade represents 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 link. Company insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BFH shares. Barclays reissued an “underweight” rating and issued a $52.00 price target (up from $45.00) on shares of Bread Financial in a research note on Tuesday, July 8th. Royal Bank Of Canada boosted their price target on Bread Financial from $65.00 to $74.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. Evercore ISI dropped their price target on Bread Financial from $68.00 to $64.00 and set an “in-line” rating on the stock in a research note on Tuesday. Morgan Stanley boosted their price target on Bread Financial from $51.00 to $53.00 and gave the company an “underweight” rating in a research note on Monday. Finally, BTIG Research set a $105.00 price target on Bread Financial and gave the company a “buy” rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $66.40.

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.