LSV Asset Management Has $13.02 Million Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

LSV Asset Management reduced its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 395,130 shares of the company’s stock after selling 2,900 shares during the period. LSV Asset Management owned about 0.80% of Bread Financial worth $13,016,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Los Angeles Capital Management LLC boosted its holdings in shares of Bread Financial by 152.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 16,935 shares of the company’s stock worth $558,000 after buying an additional 10,232 shares during the period. Victory Capital Management Inc. grew its position in shares of Bread Financial by 15.5% in the fourth quarter. Victory Capital Management Inc. now owns 238,055 shares of the company’s stock valued at $7,842,000 after purchasing an additional 31,999 shares during the last quarter. Brooktree Capital Management increased its stake in shares of Bread Financial by 0.6% during the fourth quarter. Brooktree Capital Management now owns 137,733 shares of the company’s stock worth $4,537,000 after purchasing an additional 853 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in Bread Financial during the 4th quarter worth approximately $206,000. Finally, New York State Common Retirement Fund boosted its stake in Bread Financial by 23.7% in the 4th quarter. New York State Common Retirement Fund now owns 91,170 shares of the company’s stock valued at $3,003,000 after purchasing an additional 17,475 shares during the period. Institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Performance

Shares of BFH stock opened at $40.01 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Bread Financial Holdings, Inc. has a one year low of $24.87 and a one year high of $41.89. The business’s 50 day simple moving average is $36.86 and its 200 day simple moving average is $33.51. The stock has a market capitalization of $1.98 billion, a PE ratio of 5.04, a PEG ratio of 0.18 and a beta of 1.92.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.19). The business had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The business’s revenue was down 23.1% on a year-over-year basis. During the same period last year, the business posted $9.08 earnings per share. As a group, research analysts forecast that Bread Financial Holdings, Inc. will post 5.72 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.10%. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Wall Street Analysts Forecast Growth

BFH has been the subject of a number of analyst reports. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research report on Thursday, April 4th. BMO Capital Markets boosted their target price on Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Barclays reduced their price target on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods raised shares of Bread Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $38.00 to $67.00 in a research note on Thursday, May 2nd. Finally, Argus downgraded shares of Bread Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.17.

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.