Hotchkis & Wiley Capital Management LLC Decreases Position in Bread Financial Holdings, Inc. $BFH

Key Points

• Hotchkis & Wiley Capital Management LLC has reduced its stake in Bread Financial Holdings, Inc. by 10.1%, now holding approximately 0.45% of the company worth $10.48 million.
• Bread Financial recently announced a quarterly dividend of $0.21 per share, representing an annualized dividend yield of 1.3%, with the ex-dividend date set for August 8th.
• The company's latest earnings report showed an EPS of $3.14, surpassing expectations, although revenue declined slightly by 1.1% year-over-year.

Hotchkis & Wiley Capital Management LLC cut its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 209,340 shares of the company's stock after selling 23,480 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.45% of Bread Financial worth $10,484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Curat Global LLC purchased a new position in shares of Bread Financial in the first quarter worth about $28,000. Versant Capital Management Inc grew its position in Bread Financial by 182.8% during the 1st quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock worth $65,000 after acquiring an additional 839 shares during the last quarter. GAMMA Investing LLC increased its stake in Bread Financial by 28.0% in the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock worth $73,000 after purchasing an additional 319 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in Bread Financial in the fourth quarter valued at approximately $104,000. Finally, Marshall Wace LLP bought a new stake in Bread Financial in the fourth quarter valued at approximately $200,000. 99.52% of the stock is owned by institutional investors.

Bread Financial Trading Up 4.8%

Shares of BFH opened at $62.4320 on Monday. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $66.71. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. The firm's 50-day moving average price is $59.33 and its 200-day moving average price is $53.98. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.98 and a beta of 1.42.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $1.29. The company had revenue of $929.00 million during the quarter, compared to the consensus estimate of $944.69 million. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. Bread Financial's revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.66 earnings per share. Bread Financial has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS 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 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 8th. Bread Financial's dividend payout ratio (DPR) is presently 14.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BFH shares. Royal Bank Of Canada raised their price target on shares of Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Wall Street Zen lowered shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Morgan Stanley boosted their price target on Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a report on Monday, May 12th. Finally, Barclays reiterated an "underweight" rating and issued a $52.00 price objective (up previously from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $64.91.

Insider Buying and Selling at Bread Financial

In other news, Director John J. Fawcett purchased 1,027 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The shares were bought at an average cost of $61.79 per share, for a total transaction of $63,458.33. Following the completion of the transaction, the director directly owned 10,302 shares of the company's stock, valued at $636,560.58. This trade represents a 11.07% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.62% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding BFH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bread Financial Holdings, Inc. (NYSE:BFH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.