Pzena Investment Management LLC Has $45.70 Million Stock Position in Bread Financial Holdings, Inc. $BFH

Key Points

• Pzena Investment Management LLC increased its stake in Bread Financial Holdings, Inc. by 9.9%, owning approximately 800,143 shares valued at $45.70 million as of the end of the second quarter.
• Bread Financial reported earnings of $3.14 per share for the last quarter, exceeding analysts' expectations, but experienced a 1.1% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.21 per share, representing an annualized yield of 1.6% and a low payout ratio of 14.21%.

Pzena Investment Management LLC grew its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 9.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 800,143 shares of the company's stock after purchasing an additional 71,939 shares during the quarter. Pzena Investment Management LLC owned about 1.72% of Bread Financial worth $45,704,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC increased its position in shares of Bread Financial by 11.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,816 shares of the company's stock worth $561,000 after purchasing an additional 995 shares during the last quarter. KLP Kapitalforvaltning AS increased its position in shares of Bread Financial by 3.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 15,600 shares of the company's stock worth $891,000 after purchasing an additional 500 shares during the last quarter. Hennessy Advisors Inc. increased its position in shares of Bread Financial by 5.3% during the 2nd quarter. Hennessy Advisors Inc. now owns 60,000 shares of the company's stock worth $3,427,000 after purchasing an additional 3,000 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Bread Financial by 1.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 27,722 shares of the company's stock worth $1,582,000 after purchasing an additional 520 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Bread Financial by 108.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,033 shares of the company's stock worth $173,000 after purchasing an additional 1,576 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Stock Performance

NYSE:BFH opened at $54.10 on Monday. The stock has a fifty day moving average price of $60.95 and a 200-day moving average price of $55.84. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.49 and a beta of 1.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week high of $68.01.

Bread Financial (NYSE:BFH - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $1.29. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The firm had revenue of $929.00 million during the quarter, compared to the consensus estimate of $944.69 million. During the same period in the prior year, the company posted $2.66 EPS. The company's revenue was down 1.1% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial declared that its board has approved a share repurchase program on Wednesday, August 27th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 8th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.6%. Bread Financial's payout ratio is 14.21%.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,027 shares of the stock in a transaction dated Wednesday, July 30th. The stock was bought at an average price of $61.79 per share, with a total value of $63,458.33. Following the acquisition, the director owned 10,302 shares of the company's stock, valued at approximately $636,560.58. This represents a 11.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.62% of the company's stock.

Wall Street Analyst Weigh In

BFH has been the topic of several recent analyst reports. Barclays lowered their price target on Bread Financial from $52.00 to $50.00 and set an "underweight" rating on the stock in a research report on Monday, October 6th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Bread Financial in a research note on Wednesday, October 8th. Evercore ISI reduced their target price on Bread Financial from $68.00 to $64.00 and set an "in-line" rating for the company in a research note on Tuesday, September 30th. Royal Bank Of Canada lifted their target price on Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Finally, Keefe, Bruyette & Woods reduced their price target on Bread Financial from $88.00 to $71.00 and set an "outperform" rating for the company in a research note on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $66.20.

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.

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