Pzena Investment Management LLC Has $36.47 Million Holdings in 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 first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 728,204 shares of the company's stock after acquiring an additional 6,065 shares during the quarter. Pzena Investment Management LLC owned about 1.51% of Bread Financial worth $36,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BFH. Victory Capital Management Inc. boosted its position in Bread Financial by 42.8% during the first quarter. Victory Capital Management Inc. now owns 93,207 shares of the company's stock worth $4,668,000 after purchasing an additional 27,919 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Bread Financial by 70.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 44,364 shares of the company's stock worth $2,222,000 after purchasing an additional 18,266 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Bread Financial by 15.0% during the first quarter. Envestnet Asset Management Inc. now owns 10,816 shares of the company's stock worth $542,000 after purchasing an additional 1,412 shares in the last quarter. Principal Financial Group Inc. boosted its position in Bread Financial by 1.4% during the first quarter. Principal Financial Group Inc. now owns 244,503 shares of the company's stock worth $12,245,000 after purchasing an additional 3,416 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Bread Financial during the first quarter worth $364,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. 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. BTIG Research set a $105.00 target price on Bread Financial and gave the stock a "buy" rating in a research report on Monday, July 14th. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research report on Monday, April 28th. Jefferies Financial Group increased their price target on Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Bread Financial in a report on Monday, July 14th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $63.92.

Bread Financial Price Performance

Shares of BFH traded down $1.10 on Friday, hitting $61.20. The company's stock had a trading volume of 480,128 shares, compared to its average volume of 869,556. The company has a market capitalization of $2.85 billion, a PE ratio of 10.87, a PEG ratio of 1.14 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.17 and a quick ratio of 1.17. 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 50 day moving average price of $55.17 and a 200 day moving average price of $54.18.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.10 by $0.76. The company had revenue of $970.00 million during the quarter, compared to analysts' expectations of $956.17 million. Bread Financial had a net margin of 5.89% and a return on equity of 12.60%. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.73 EPS. On average, research analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Friday, May 9th. Bread Financial's dividend payout ratio (DPR) is presently 14.92%.

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.