Sigma Planning Corp Acquires 11,316 Shares of Bread Financial Holdings, Inc. $BFH

Sigma Planning Corp boosted its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 278.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 15,386 shares of the company’s stock after acquiring an additional 11,316 shares during the period. Sigma Planning Corp’s holdings in Bread Financial were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Castlekeep Investment Advisors LLC raised its position in shares of Bread Financial by 1.3% in the second quarter. Castlekeep Investment Advisors LLC now owns 27,545 shares of the company’s stock valued at $1,573,000 after buying an additional 346 shares in the last quarter. AdvisorShares Investments LLC bought a new position in Bread Financial during the 2nd quarter worth $468,000. Hantz Financial Services Inc. raised its holdings in Bread Financial by 2.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 25,113 shares of the company’s stock valued at $1,434,000 after acquiring an additional 701 shares in the last quarter. Mizuho Markets Americas LLC lifted its position in shares of Bread Financial by 5.8% during the 2nd quarter. Mizuho Markets Americas LLC now owns 325,979 shares of the company’s stock valued at $18,620,000 after acquiring an additional 17,806 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in shares of Bread Financial by 2.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,460 shares of the company’s stock worth $426,000 after purchasing an additional 192 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Ratings Changes

BFH has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Bread Financial from $60.00 to $68.00 and gave the company a “sell” rating in a research note on Friday, October 24th. Wall Street Zen lowered shares of Bread Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Barclays boosted their target price on shares of Bread Financial from $50.00 to $52.00 and gave the company an “underweight” rating in a research report on Friday, October 24th. Keefe, Bruyette & Woods reduced their price target on shares of Bread Financial from $88.00 to $71.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Finally, Royal Bank Of Canada boosted their price objective on shares of Bread Financial from $64.00 to $70.00 and gave the company a “sector perform” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Bread Financial presently has a consensus rating of “Hold” and a consensus target price of $70.00.

Bread Financial Stock Down 0.3%

Shares of BFH opened at $63.77 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.18 and a current ratio of 1.19. Bread Financial Holdings, Inc. has a 52 week low of $38.21 and a 52 week high of $68.01. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 0.50 and a beta of 1.51. The stock has a fifty day moving average of $61.39 and a 200-day moving average of $57.84.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, October 23rd. The company reported $4.02 EPS for the quarter, beating the consensus estimate of $2.11 by $1.91. Bread Financial had a return on equity of 15.97% and a net margin of 10.08%.The firm had revenue of $971.00 million during the quarter, compared to the consensus estimate of $974.30 million. During the same period last year, the company earned $1.83 earnings per share. The business’s quarterly revenue was down 1.2% on a year-over-year basis. Bread Financial has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 7th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, November 7th. This represents a $0.92 annualized dividend and a yield of 1.4%. This is a boost from Bread Financial’s previous quarterly dividend of $0.21. Bread Financial’s dividend payout ratio is 9.37%.

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

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.