Wealth Enhancement Advisory Services LLC Makes New $310,000 Investment in Bread Financial Holdings, Inc. $BFH

Wealth Enhancement Advisory Services LLC acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,129 shares of the company’s stock, valued at approximately $310,000.

Several other large investors have also recently added to or reduced their stakes in BFH. GAMMA Investing LLC increased its position in Bread Financial by 6,311.9% during the 1st quarter. GAMMA Investing LLC now owns 72,967 shares of the company’s stock worth $3,654,000 after buying an additional 71,829 shares during the period. Harbor Capital Advisors Inc. increased its position in Bread Financial by 36.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 18,847 shares of the company’s stock worth $944,000 after buying an additional 5,028 shares during the period. SG Americas Securities LLC bought a new position in Bread Financial during the 1st quarter worth $386,000. CX Institutional increased its position in Bread Financial by 14,819.9% during the 1st quarter. CX Institutional now owns 47,296 shares of the company’s stock worth $2,369,000 after buying an additional 46,979 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in Bread Financial by 6.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 90,249 shares of the company’s stock worth $4,520,000 after buying an additional 5,373 shares during the period. Institutional investors own 99.52% of the company’s stock.

Insider Activity at Bread Financial

In related news, Director John J. Fawcett acquired 1,027 shares of the stock in a transaction dated Wednesday, July 30th. The stock was bought 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 directly owned 10,302 shares of the company’s stock, valued at $636,560.58. The trade was a 11.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.85% of the company’s stock.

Bread Financial Stock Performance

NYSE:BFH opened at $55.00 on Thursday. The stock’s 50-day simple moving average is $61.13 and its 200 day simple moving average is $55.74. Bread Financial Holdings, Inc. has a twelve month low of $38.21 and a twelve month high of $68.01. The firm has a market capitalization of $2.57 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 0.50 and a beta of 1.41. The company has a quick ratio of 1.18, a current 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 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $1.29. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The firm had revenue of $929.00 million for the quarter, compared to analyst estimates of $944.69 million. During the same period last year, the firm posted $2.66 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Bread Financial has set its FY 2025 guidance at EPS. On average, analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial declared that its Board of Directors has initiated a share buyback program on Wednesday, August 27th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Bread Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 8th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 8th. Bread Financial’s dividend payout ratio (DPR) is presently 14.21%.

Analyst Ratings Changes

Several research firms have recently issued reports on BFH. Keefe, Bruyette & Woods reduced their target price on Bread Financial from $88.00 to $71.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Barclays reduced their target price on Bread Financial from $52.00 to $50.00 and set an “underweight” rating on the stock in a report on Monday. Evercore ISI reduced their target price on Bread Financial from $68.00 to $64.00 and set an “in-line” rating on the stock in a report on Tuesday, September 30th. Wall Street Zen lowered Bread Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Finally, BTIG Research set a $105.00 target price on Bread Financial and gave the stock a “buy” rating in a report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $66.20.

Bread Financial Company 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.