LSV Asset Management Sells 38,200 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

LSV Asset Management lowered its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 285,540 shares of the company's stock after selling 38,200 shares during the period. LSV Asset Management owned 0.57% of Bread Financial worth $17,435,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BFH. State Street Corp raised its position in Bread Financial by 2.1% in the 3rd quarter. State Street Corp now owns 2,034,554 shares of the company's stock valued at $96,804,000 after purchasing an additional 41,012 shares during the last quarter. Geode Capital Management LLC lifted its position in Bread Financial by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company's stock worth $55,012,000 after buying an additional 13,459 shares in the last quarter. Virtu Financial LLC acquired a new position in Bread Financial during the 3rd quarter worth about $1,004,000. World Investment Advisors LLC bought a new stake in Bread Financial during the 3rd quarter worth about $810,000. Finally, DGS Capital Management LLC increased its position in Bread Financial by 11.8% in the 3rd quarter. DGS Capital Management LLC now owns 10,443 shares of the company's stock valued at $497,000 after acquiring an additional 1,102 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BFH shares. Barclays increased their price target on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research report on Monday, February 3rd. Morgan Stanley downgraded Bread Financial from an "overweight" rating to an "underweight" rating and set a $33.00 target price for the company. in a research report on Monday, April 7th. Compass Point upped their price target on Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada lifted their price objective on Bread Financial from $62.00 to $68.00 and gave the stock a "sector perform" rating in a research report on Friday, January 31st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Bread Financial has a consensus rating of "Hold" and an average price target of $57.08.

Bread Financial Stock Up 1.9 %

Shares of BFH stock traded up $0.89 during trading hours on Friday, hitting $46.76. 797,879 shares of the company were exchanged, compared to its average volume of 878,493. The company has a market capitalization of $2.25 billion, a PE ratio of 8.43, a PEG ratio of 1.25 and a beta of 1.58. Bread Financial Holdings, Inc. has a 52 week low of $32.25 and a 52 week high of $66.71. The business has a 50 day moving average of $50.99 and a two-hundred day moving average of $55.71. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. Analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, February 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.80%. Bread Financial's dividend payout ratio is currently 15.14%.

Bread Financial announced that its Board of Directors has initiated a share repurchase program on Wednesday, March 5th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

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.