Moran Wealth Management LLC Increases Stock Position in Bread Financial Holdings, Inc. $BFH

Moran Wealth Management LLC increased its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 93.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,814 shares of the company’s stock after acquiring an additional 35,672 shares during the period. Moran Wealth Management LLC’s holdings in Bread Financial were worth $5,528,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BFH. Kemnay Advisory Services Inc. bought a new stake in shares of Bread Financial in the 4th quarter worth approximately $28,000. Cullen Frost Bankers Inc. purchased a new position in Bread Financial during the fourth quarter valued at $29,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Bread Financial by 141.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock worth $31,000 after acquiring an additional 329 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Bread Financial by 127.2% in the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock worth $41,000 after acquiring an additional 398 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Bread Financial by 8,300.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 840 shares of the company’s stock valued at $47,000 after acquiring an additional 830 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Bread Financial Trading Down 0.1%

Shares of Bread Financial stock opened at $102.10 on Friday. Bread Financial Holdings, Inc. has a 1-year low of $53.83 and a 1-year high of $109.91. The company’s fifty day simple moving average is $93.37 and its 200-day simple moving average is $81.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $4.13 billion, a PE ratio of 8.36, a P/E/G ratio of 0.90 and a beta of 1.10.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $4.18 EPS for the quarter, topping the consensus estimate of $3.00 by $1.18. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $992.05 million. During the same period in the prior year, the business posted $2.86 EPS. Bread Financial’s revenue was up 4.9% on a year-over-year basis. As a group, equities analysts anticipate that Bread Financial Holdings, Inc. will post 10.92 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.23 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.92 dividend on an annualized basis and a yield of 0.9%. Bread Financial’s dividend payout ratio is presently 7.53%.

Insider Transactions at Bread Financial

In other Bread Financial news, Director Roger H. Ballou sold 9,687 shares of Bread Financial stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $90.32, for a total transaction of $874,929.84. Following the transaction, the director owned 30,079 shares of the company’s stock, valued at $2,716,735.28. The trade was a 24.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John J. Fawcett bought 698 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average price of $86.43 per share, for a total transaction of $60,328.14. Following the purchase, the director owned 11,000 shares in the company, valued at $950,730. This represents a 6.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

BFH has been the topic of a number of analyst reports. Evercore reiterated an “outperform” rating and issued a $99.00 price target on shares of Bread Financial in a research note on Wednesday, April 29th. Bank of America reiterated a “buy” rating and set a $108.00 price target on shares of Bread Financial in a report on Wednesday, June 10th. Weiss Ratings upgraded shares of Bread Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. BTIG Research increased their price objective on Bread Financial from $105.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Finally, Wall Street Zen upgraded shares of Bread Financial from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Bread Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.67.

About Bread Financial

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.