Brandywine Global Investment Management LLC Sells 4,510 Shares of Bread Financial Holdings, Inc. $BFH

Key Points

• Brandywine Global Investment Management LLC reduced its stake in Bread Financial Holdings by 3.7% in Q1, owning approximately 0.25% of the company, valued at $5.87 million.
• Analyst ratings for Bread Financial show mixed sentiment, with a range of target prices from $36.00 to $105.00, reflecting a consensus average rating of "Hold" and a price target of $64.42.
• Bread Financial announced a quarterly dividend of $0.21 per share, which will be paid on September 12th, representing a yield of 1.4% and a payout ratio of 14.21%.

Brandywine Global Investment Management LLC lowered its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 3.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 117,149 shares of the company's stock after selling 4,510 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.25% of Bread Financial worth $5,867,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BFH. Castlekeep Investment Advisors LLC acquired a new position in Bread Financial during the 4th quarter valued at about $104,000. Point72 Asset Management L.P. boosted its stake in shares of Bread Financial by 550.8% in the 4th quarter. Point72 Asset Management L.P. now owns 462,307 shares of the company's stock worth $28,228,000 after buying an additional 391,272 shares during the last quarter. Azora Capital LP purchased a new position in shares of Bread Financial in the 4th quarter worth approximately $13,545,000. Invesco Ltd. boosted its stake in shares of Bread Financial by 43.6% in the 1st quarter. Invesco Ltd. now owns 529,049 shares of the company's stock worth $26,495,000 after buying an additional 160,580 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in shares of Bread Financial by 45.6% in the 1st quarter. Jupiter Asset Management Ltd. now owns 506,168 shares of the company's stock worth $25,349,000 after buying an additional 158,557 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group boosted their target price on Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. Wall Street Zen downgraded Bread Financial from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. BTIG Research set a $105.00 target price on Bread Financial and gave the stock a "buy" rating in a research note on Monday, July 14th. JMP Securities restated a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Finally, Barclays restated an "underweight" rating and issued a $52.00 target price (up previously from $45.00) on shares of Bread Financial in a research note on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $64.91.

Insider Activity

In other news, Director John J. Fawcett purchased 1,027 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were purchased at an average price of $61.79 per share, with a total value of $63,458.33. Following the completion of the acquisition, the director owned 10,302 shares in the company, valued at $636,560.58. This trade represents a 11.07% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.85% of the stock is currently owned by corporate insiders.

Bread Financial Stock Performance

Shares of NYSE:BFH traded up $0.02 during trading on Thursday, hitting $59.66. 253,173 shares of the company were exchanged, compared to its average volume of 826,394. The company has a market cap of $2.78 billion, a PE ratio of 10.09, a P/E/G ratio of 0.94 and a beta of 1.42. The stock has a 50 day moving average of $58.98 and a 200 day moving average of $54.10. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $66.71. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 1.18.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $1.29. The firm had revenue of $929.00 million for the quarter, compared to the consensus estimate of $944.69 million. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The business's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.66 earnings per share. Bread Financial has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, August 8th. This represents a $0.84 annualized dividend and a dividend yield of 1.4%. Bread Financial's dividend payout ratio is currently 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.