KLP Kapitalforvaltning AS Purchases 500 Shares of Bread Financial Holdings, Inc. $BFH

KLP Kapitalforvaltning AS increased its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,600 shares of the company’s stock after purchasing an additional 500 shares during the period. KLP Kapitalforvaltning AS’s holdings in Bread Financial were worth $891,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Bread Financial by 28.0% in the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock valued at $73,000 after buying an additional 319 shares during the last quarter. Royal Bank of Canada raised its position in Bread Financial by 39.0% in the 1st quarter. Royal Bank of Canada now owns 217,773 shares of the company’s stock valued at $10,905,000 after buying an additional 61,047 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Bread Financial by 15.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 10,816 shares of the company’s stock valued at $542,000 after buying an additional 1,412 shares during the last quarter. Allianz Asset Management GmbH raised its position in Bread Financial by 2.9% in the 1st quarter. Allianz Asset Management GmbH now owns 488,316 shares of the company’s stock valued at $24,455,000 after buying an additional 13,656 shares during the last quarter. Finally, Optimize Financial Inc purchased a new stake in Bread Financial in the 1st quarter valued at $371,000. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Stock Up 1.1%

BFH stock opened at $59.87 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.54 and a beta of 1.41. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week high of $68.01. The stock has a fifty day moving average of $60.92 and a 200-day moving average of $55.93.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, topping the consensus estimate of $1.85 by $1.29. The company had revenue of $929.00 million during the quarter, compared to the consensus estimate of $944.69 million. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.66 EPS. Bread Financial has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

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. The ex-dividend date was Friday, August 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.4%. Bread Financial’s dividend payout ratio is presently 14.21%.

Bread Financial declared that its board has authorized a stock repurchase program on Wednesday, August 27th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Morgan Stanley increased their price target on Bread Financial from $51.00 to $53.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. BTIG Research set a $105.00 price target on Bread Financial and gave the company a “buy” rating in a research report on Monday, July 14th. Evercore ISI lowered their price target on Bread Financial from $68.00 to $64.00 and set an “in-line” rating for the company in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bread Financial in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their target price on Bread Financial from $65.00 to $74.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $66.20.

Insider Buying and Selling at Bread Financial

In other news, Director John J. Fawcett purchased 1,027 shares of the business’s stock in a transaction dated Wednesday, July 30th. The stock was bought at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the purchase, the director 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.85% 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.