Three Seasons Wealth LLC Buys Shares of 8,596 Bread Financial Holdings, Inc. $BFH

Key Points

• Three Seasons Wealth LLC has acquired 8,596 shares of Bread Financial Holdings, Inc. (BFH), valued at approximately $491,000, indicating notable interest in the company's stock.
• Bread Financial reported a significantly strong quarterly earnings of $3.14 per share, surpassing analyst estimates of $1.85, despite a slight year-over-year revenue decline of 1.1%.
• The company has initiated a stock buyback plan, which is typically seen as a sign that the leadership believes the stock is undervalued.

Three Seasons Wealth LLC purchased a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,596 shares of the company's stock, valued at approximately $491,000.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake 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 purchasing an additional 319 shares during the last quarter. Royal Bank of Canada raised its position in Bread Financial by 39.0% during the first quarter. Royal Bank of Canada now owns 217,773 shares of the company's stock valued at $10,905,000 after purchasing an additional 61,047 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Bread Financial by 15.0% during the first quarter. Envestnet Asset Management Inc. now owns 10,816 shares of the company's stock worth $542,000 after buying an additional 1,412 shares in the last quarter. Allianz Asset Management GmbH boosted its position in Bread Financial by 2.9% during the first quarter. Allianz Asset Management GmbH now owns 488,316 shares of the company's stock valued at $24,455,000 after acquiring an additional 13,656 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Bread Financial during the fourth quarter valued at $338,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Wall Street Analyst Weigh In

BFH has been the subject of several research analyst reports. BTIG Research set a $105.00 price target on shares of Bread Financial and gave the stock a "buy" rating in a research note on Monday, July 14th. Wall Street Zen lowered shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Royal Bank Of Canada upped their target price 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. Finally, Barclays reiterated an "underweight" rating and set a $52.00 price objective (up previously from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Bread Financial presently has an average rating of "Hold" and a consensus price target of $64.91.

Insiders Place Their Bets

In other Bread Financial news, Director John J. Fawcett bought 1,027 shares of the stock in a transaction on Wednesday, July 30th. The shares were bought at an average price of $61.79 per share, with a total value of $63,458.33. Following the purchase, the director directly owned 10,302 shares in the company, valued at $636,560.58. The trade was a 11.07% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company's stock.

Bread Financial Trading Down 0.7%

Bread Financial stock traded down $0.47 during midday trading on Tuesday, hitting $62.17. 189,553 shares of the stock were exchanged, compared to its average volume of 796,170. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 0.58 and a beta of 1.46. The stock's 50-day simple moving average is $62.33 and its 200 day simple moving average is $55.11. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week high of $68.01.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings data 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. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. 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 previous year, the firm earned $2.66 EPS. The company'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, equities 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 was paid on Friday, September 12th. Investors of record on Friday, August 8th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, August 8th. Bread Financial's payout ratio is presently 14.21%.

Bread Financial declared that its board has initiated a stock repurchase plan on Wednesday, August 27th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.