LSV Asset Management Trims Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

LSV Asset Management cut its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 11.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 285,540 shares of the company’s stock after selling 38,200 shares during the quarter. LSV Asset Management’s holdings in Bread Financial were worth $17,435,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. State Street Corp lifted its position in shares of Bread Financial by 2.1% during the 3rd quarter. State Street Corp now owns 2,034,554 shares of the company’s stock valued at $96,804,000 after buying an additional 41,012 shares in the last quarter. Geode Capital Management LLC raised its stake 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 acquiring an additional 13,459 shares during the period. Virtu Financial LLC purchased a new position in Bread Financial during the third quarter valued at approximately $1,004,000. World Investment Advisors LLC bought a new position in shares of Bread Financial in the third quarter worth approximately $810,000. Finally, DGS Capital Management LLC increased its stake in shares of Bread Financial by 11.8% in the third quarter. DGS Capital Management LLC now owns 10,443 shares of the company’s stock worth $497,000 after purchasing an additional 1,102 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on BFH shares. Royal Bank of Canada lifted their target price on shares of Bread Financial from $62.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research note on Monday, February 3rd. Barclays increased their target price on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Compass Point boosted their price target on Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group cut their price objective on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating for the company in a report on Tuesday, March 18th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Bread Financial currently has an average rating of “Hold” and an average target price of $57.08.

Bread Financial Price Performance

Bread Financial stock opened at $44.04 on Friday. Bread Financial Holdings, Inc. has a 52-week low of $32.10 and a 52-week high of $66.71. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $52.27 and its 200 day moving average is $55.80. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 1.25 and a beta of 1.58.

Bread Financial (NYSE:BFH) last announced its 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 net margin of 5.75% and a return on equity of 12.41%. Sell-side analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial declared that its board has authorized a stock buyback plan 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 shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, February 14th. Bread Financial’s payout ratio is 15.14%.

About Bread Financial

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.