Anderson Financial Strategies LLC Purchases 4,163 Shares of 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 grew its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 17.8% during the first quarter, according to its most recent Form 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 quarter. Bread Financial makes up about 0.8% of Anderson Financial Strategies LLC's holdings, making the stock its 24th largest position. Anderson Financial Strategies LLC owned approximately 0.06% of Bread Financial worth $1,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of BFH. Curat Global LLC bought a new position in shares of Bread Financial in the first quarter valued at approximately $28,000. Quarry LP lifted its holdings in shares of Bread Financial by 947.5% in the first quarter. Quarry LP now owns 639 shares of the company's stock valued at $32,000 after purchasing an additional 578 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Bread Financial by 182.8% in the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock valued at $65,000 after purchasing an additional 839 shares in the last quarter. Strs Ohio bought a new position in shares of Bread Financial in the first quarter valued at approximately $65,000. Finally, GAMMA Investing LLC lifted its holdings 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 valued at $73,000 after purchasing an additional 319 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BFH shares. 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 report on Friday, July 25th. Barclays restated an "underweight" rating and issued a $52.00 target price (up previously from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. 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 price target on Bread Financial and gave the stock a "buy" rating in a report on Monday, July 14th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $64.91.

Bread Financial Stock Performance

Shares of Bread Financial stock opened at $64.21 on Thursday. The firm has a market capitalization of $2.99 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 0.58 and a beta of 1.46. The business's fifty day simple moving average is $61.95 and its 200 day simple moving average is $54.46. 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 Holdings, Inc. has a 12 month low of $38.21 and a 12 month high of $68.01.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $1.29. The firm 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%.The business's revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.66 earnings per share. Bread Financial has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be paid a $0.21 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.3%. Bread Financial's payout ratio is presently 14.21%.

Bread Financial announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 27th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, Director John J. Fawcett bought 1,027 shares of the stock in a transaction on Wednesday, July 30th. The shares were purchased at an average cost of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the purchase, the director directly owned 10,302 shares in the company, valued at $636,560.58. This represents a 11.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.85% of the stock is currently owned by insiders.

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.

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