Anderson Financial Strategies LLC Grows Stock Position in Bread Financial Holdings, Inc. $BFH

Key Points

• Anderson Financial Strategies LLC increased its stake in Bread Financial Holdings by 17.8%, owning a total of 27,584 shares, making it the firm's 24th largest investment position.
• Institutional investors own approximately 99.52% of Bread Financial's stock, indicating strong institutional interest in the company.
• Recent analyst reports show mixed ratings for Bread Financial, with Royal Bank of Canada raising the target price to $74.00, while other analysts maintain a cautious outlook.

Anderson Financial Strategies LLC increased its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 17.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,584 shares of the company's stock after purchasing an additional 4,163 shares during the period. Bread Financial accounts for about 0.8% of Anderson Financial Strategies LLC's portfolio, making the stock its 24th largest position. Anderson Financial Strategies LLC owned about 0.06% of Bread Financial worth $1,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Strs Ohio acquired a new stake in shares of Bread Financial during the 1st quarter worth approximately $65,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Bread Financial by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,833 shares of the company's stock worth $7,904,000 after acquiring an additional 4,624 shares during the period. Optimize Financial Inc purchased a new position in shares of Bread Financial during the 1st quarter worth $371,000. Goldman Sachs Group Inc. raised its holdings in shares of Bread Financial by 104.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company's stock worth $36,889,000 after acquiring an additional 376,920 shares during the period. Finally, Petrus Trust Company LTA purchased a new position in shares of Bread Financial during the 1st quarter worth $527,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bread Financial

In related news, Director John J. Fawcett acquired 1,027 shares of the firm's stock in a transaction that occurred 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 purchase, the director directly owned 10,302 shares in the company, valued at approximately $636,560.58. The trade was a 11.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BFH. Royal Bank Of Canada boosted their price objective on shares of Bread Financial from $65.00 to $74.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Wall Street Zen downgraded Bread Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Barclays reissued an "underweight" rating and set a $52.00 price objective (up from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Finally, BTIG Research set a $105.00 price target on Bread Financial and gave the company a "buy" rating in a report on Monday, July 14th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $64.91.

Bread Financial Price Performance

Bread Financial stock traded down $1.23 during trading hours on Tuesday, hitting $62.66. The stock had a trading volume of 136,645 shares, compared to its average volume of 795,167. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.57 and a beta of 1.46. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $68.01. The stock's fifty day moving average is $62.16 and its two-hundred day moving average is $54.66.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $1.85 by $1.29. The company had revenue of $929.00 million for the quarter, compared to analyst estimates of $944.69 million. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.Bread Financial's 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 earnings per share. Bread Financial has set its FY 2025 guidance at EPS. As a group, analysts predict 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 buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 8th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.3%. Bread Financial's dividend payout ratio (DPR) is presently 14.21%.

About Bread Financial

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.