Pzena Investment Management LLC Buys 6,065 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Pzena Investment Management LLC boosted its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 728,204 shares of the company's stock after buying an additional 6,065 shares during the quarter. Pzena Investment Management LLC owned approximately 1.51% of Bread Financial worth $36,468,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its holdings in Bread Financial by 2.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company's stock valued at $443,000 after purchasing an additional 175 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in 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 purchasing an additional 184 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Bread Financial by 1.0% during the fourth quarter. Federated Hermes Inc. now owns 30,641 shares of the company's stock valued at $1,871,000 after purchasing an additional 305 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 319 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in Bread Financial by 10.2% during the first quarter. QRG Capital Management Inc. now owns 4,037 shares of the company's stock valued at $202,000 after purchasing an additional 373 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

Bread Financial Price Performance

BFH traded up $1.29 on Thursday, reaching $62.41. The company had a trading volume of 640,964 shares, compared to its average volume of 869,365. 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 0.42, a quick ratio of 1.17 and a current ratio of 1.17. The business has a 50 day simple moving average of $54.95 and a 200 day simple moving average of $54.27. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 1.14 and a beta of 1.38.

Bread Financial (NYSE:BFH - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.86 EPS for the quarter, beating analysts' consensus estimates of $2.10 by $0.76. Bread Financial had a net margin of 5.89% and a return on equity of 12.60%. The business had revenue of $970.00 million for the quarter, compared to analysts' expectations of $956.17 million. During the same period last year, the business earned $2.73 earnings per share. The business's quarterly revenue was down 2.1% 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 was paid on Friday, June 13th. Stockholders of record on Friday, May 9th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, May 9th. Bread Financial's dividend payout ratio is 14.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a report on Monday, May 12th. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a report on Monday, April 28th. BTIG Research set a $105.00 price target on shares of Bread Financial and gave the stock a "buy" rating in a report on Monday. Royal Bank Of Canada reissued a "sector perform" rating on shares of Bread Financial in a report on Monday. Finally, Barclays reissued an "underweight" rating and issued a $52.00 price target (up from $45.00) on shares of Bread Financial in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Bread Financial currently has a consensus rating of "Hold" and a consensus price target of $63.92.

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.