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

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 lowered its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,740 shares of the company's stock after selling 19,800 shares during the quarter. LSV Asset Management owned approximately 0.57% of Bread Financial worth $13,308,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BFH. Castlekeep Investment Advisors LLC purchased a new stake in shares of Bread Financial in the fourth quarter worth approximately $104,000. Hsbc Holdings PLC lifted its position in shares of Bread Financial by 1.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,452,509 shares of the company's stock valued at $89,299,000 after buying an additional 13,679 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Bread Financial by 10.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,241,566 shares of the company's stock valued at $75,810,000 after purchasing an additional 120,237 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Bread Financial by 0.8% in the 1st quarter. Pzena Investment Management LLC now owns 728,204 shares of the company's stock valued at $36,468,000 after acquiring an additional 6,065 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Bread Financial by 12.1% during the fourth quarter. Northern Trust Corp now owns 601,255 shares of the company's stock worth $36,713,000 after purchasing an additional 65,138 shares during the period. Hedge funds and other institutional investors own 99.52% of the company's stock.

Insider Activity at Bread Financial

In related news, Director John J. Fawcett purchased 1,027 shares of Bread Financial stock in a transaction dated Wednesday, July 30th. The shares were acquired at an average price of $61.79 per share, with a total value of $63,458.33. Following the completion of the transaction, the director owned 10,302 shares of the company's stock, valued at approximately $636,560.58. This trade represents a 11.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.85% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wall Street Zen upgraded Bread Financial from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. 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. Morgan Stanley boosted their price objective on Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Finally, Jefferies Financial Group boosted their price objective on shares of Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Bread Financial currently has an average rating of "Hold" and an average price target of $64.42.

Bread Financial Price Performance

BFH traded down $0.20 on Wednesday, hitting $58.76. 480,608 shares of the company were exchanged, compared to its average volume of 755,974. 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 debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. The business's fifty day moving average is $57.21 and its 200 day moving average is $54.35. The firm has a market capitalization of $2.74 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 1.00 and a beta of 1.42.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, beating the consensus estimate of $1.85 by $1.29. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%. The company had revenue of $929.00 million during the quarter, compared to the consensus estimate of $944.69 million. During the same period in the previous year, the firm posted $2.66 EPS. Bread Financial's revenue was down 1.1% on a year-over-year basis. As a group, 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 given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 8th. Bread Financial's payout ratio is presently 14.21%.

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.