Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by LSV Asset Management

LSV Asset Management lowered its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 6.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 265,740 shares of the company’s stock after selling 19,800 shares during the period. LSV Asset Management’s holdings in Bread Financial were worth $13,308,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew 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. Allianz Asset Management GmbH increased its position in shares of Bread Financial by 2.9% in the 1st quarter. Allianz Asset Management GmbH now owns 488,316 shares of the company’s stock valued at $24,455,000 after purchasing an additional 13,656 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Bread Financial in the 4th quarter valued at approximately $338,000. Principal Financial Group Inc. increased its position in shares of Bread Financial by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 244,503 shares of the company’s stock valued at $12,245,000 after purchasing an additional 3,416 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Bread Financial by 51.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,720 shares of the company’s stock valued at $1,639,000 after purchasing an additional 11,069 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Insider Activity at Bread Financial

In other news, Director John J. Fawcett bought 1,027 shares of Bread Financial 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 owned 10,302 shares of the company’s stock, valued at approximately $636,560.58. The trade was a 11.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on BFH. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a research report on Monday, April 28th. Royal Bank Of Canada increased their price objective on shares of Bread Financial from $65.00 to $74.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. BTIG Research set a $105.00 price objective on shares of Bread Financial and gave the company a “buy” rating in a research report on Monday, July 14th. Barclays reissued an “underweight” rating and issued a $52.00 price objective (up from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Finally, Jefferies Financial Group upped their target price on shares of Bread Financial from $45.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $64.42.

Bread Financial Price Performance

Shares of BFH opened at $59.33 on Tuesday. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week high of $66.71. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. The firm has a 50-day simple moving average of $56.91 and a 200-day simple moving average of $54.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, July 24th. The company reported $3.14 EPS 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 company had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $944.69 million. During the same quarter last year, the business earned $2.66 EPS. The business’s revenue was down 1.1% on a year-over-year basis. On average, equities research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, August 8th. Bread Financial’s dividend payout ratio (DPR) is 14.21%.

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.