Atria Wealth Solutions Inc. Purchases Shares of 3,953 Bread Financial Holdings, Inc. $BFH

Atria Wealth Solutions Inc. purchased a new stake in Bread Financial Holdings, Inc. (NYSE:BFH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,953 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Quarry LP grew its holdings in Bread Financial by 947.5% during the 1st quarter. Quarry LP now owns 639 shares of the company’s stock worth $32,000 after acquiring an additional 578 shares during the period. Strs Ohio acquired a new stake in Bread Financial during the 1st quarter worth about $65,000. GAMMA Investing LLC grew its holdings in Bread Financial by 28.0% during the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock worth $73,000 after acquiring an additional 319 shares during the period. State of Wyoming acquired a new stake in Bread Financial during the 1st quarter worth about $92,000. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Bread Financial during the 2nd quarter worth about $166,000. Institutional investors own 99.52% of the company’s stock.

Bread Financial Trading Down 0.5%

NYSE:BFH opened at $60.64 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 0.55 and a beta of 1.41. Bread Financial Holdings, Inc. has a 52 week low of $38.21 and a 52 week high of $68.01. The firm has a 50-day moving average price of $60.97 and a two-hundred day moving average price of $56.35.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, July 24th. The company reported $3.14 EPS for the quarter, beating the consensus estimate of $1.85 by $1.29. The firm had revenue of $929.00 million during the quarter, compared to analyst estimates of $944.69 million. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the business posted $2.66 EPS. On average, equities analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

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

Insider Activity

In related news, Director John J. Fawcett purchased 1,027 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The stock was bought at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the purchase, the director directly owned 10,302 shares in the company, valued at approximately $636,560.58. This trade represents a 11.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.85% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BFH shares. Morgan Stanley increased their price target on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. Keefe, Bruyette & Woods decreased their price target on Bread Financial from $88.00 to $71.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Bread Financial in a research report on Wednesday, October 8th. Evercore ISI cut their price objective on shares of Bread Financial from $68.00 to $64.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 30th. Finally, Wall Street Zen cut shares of Bread Financial from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $66.20.

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.