LSV Asset Management Sells 19,800 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Key Points

• LSV Asset Management reduced its stake in Bread Financial Holdings by 6.9%, now owning 265,740 shares valued at approximately $13.3 million.
• Analysts have mixed opinions on Bread Financial, with price targets ranging from $39.00 (Morgan Stanley) to $105.00 (BTIG Research), and a consensus rating of "Hold" among experts.
• Bread Financial recently announced a quarterly dividend of $0.21 per share, representing an annual yield of 1.4% and maintaining a payout ratio of 14.21%.

LSV Asset Management reduced its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 6.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 265,740 shares of the company's stock after selling 19,800 shares during the period. LSV Asset Management owned 0.57% of Bread Financial worth $13,308,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its stake in Bread Financial by 2.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company's stock worth $443,000 after purchasing an additional 175 shares during the period. Summit Investment Advisors Inc. increased its position in shares of Bread Financial by 3.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company's stock valued at $318,000 after buying an additional 184 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Bread Financial by 0.7% in the first quarter. Mackenzie Financial Corp now owns 40,918 shares of the company's stock worth $2,049,000 after buying an additional 296 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Bread Financial by 1.0% in the fourth quarter. Federated Hermes Inc. now owns 30,641 shares of the company's stock valued at $1,871,000 after acquiring an additional 305 shares during the period. Finally, GAMMA Investing LLC grew its stake in Bread Financial by 28.0% during the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after acquiring an additional 319 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Price Performance

Shares of NYSE BFH traded up $0.62 during trading hours on Friday, reaching $58.24. 119,283 shares of the stock traded hands, compared to its average volume of 846,900. The company's 50-day simple moving average is $57.48 and its two-hundred day simple moving average is $54.36. The company has a market capitalization of $2.72 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.42. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $66.71. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36.

Bread Financial (NYSE:BFH - Get Free Report) last posted its quarterly 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. The firm had revenue of $929.00 million for 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%. The business's revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted $2.66 earnings per share. Equities research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be issued a $0.21 dividend. 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 payout ratio is currently 14.21%.

Insider Activity at Bread Financial

In related news, Director John J. Fawcett purchased 1,027 shares of the firm's stock in a transaction on Wednesday, July 30th. The shares were acquired at an average cost of $61.79 per share, with a total value of $63,458.33. Following the purchase, the director directly owned 10,302 shares of the company's stock, valued at approximately $636,560.58. This trade represents a 11.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.85% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on BFH. Royal Bank Of Canada increased their target price on shares of Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research report on Monday, April 28th. BTIG Research set a $105.00 price objective on Bread Financial and gave the company a "buy" rating in a research note on Monday, July 14th. Jefferies Financial Group upped 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. Finally, Barclays reaffirmed an "underweight" rating and issued a $52.00 price target (up previously from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $64.42.

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.