Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 11.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 285,540 shares of the company's stock after selling 38,200 shares during the period. LSV Asset Management owned about 0.57% of Bread Financial worth $17,435,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its position in Bread Financial by 2.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company's stock worth $443,000 after purchasing an additional 175 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Bread Financial by 4.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,872 shares of the company's stock valued at $297,000 after purchasing an additional 206 shares during the last quarter. Savant Capital LLC raised its position in shares of Bread Financial by 5.8% in the fourth quarter. Savant Capital LLC now owns 5,329 shares of the company's stock valued at $325,000 after purchasing an additional 290 shares during the period. Federated Hermes Inc. boosted its holdings in Bread Financial by 1.0% in the 4th quarter. Federated Hermes Inc. now owns 30,641 shares of the company's stock worth $1,871,000 after buying an additional 305 shares during the period. Finally, Highland Capital Management LLC grew its stake in Bread Financial by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 5,734 shares of the company's stock valued at $350,000 after buying an additional 350 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

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Analyst Upgrades and Downgrades

BFH has been the topic of several recent research reports. 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. JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research note on Monday, February 3rd. The Goldman Sachs Group lowered 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. Morgan Stanley cut shares of Bread Financial from an "overweight" rating to an "underweight" rating and set a $33.00 price target for the company. in a research report on Monday, April 7th. Finally, Compass Point boosted their price objective on shares of Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $57.08.

Bread Financial Trading Up 0.7 %

BFH traded up $0.33 during trading on Wednesday, hitting $45.96. 1,285,646 shares of the stock were exchanged, compared to its average volume of 877,970. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a 50 day simple moving average of $51.59 and a 200 day simple moving average of $55.78. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 1.25 and a beta of 1.58. Bread Financial Holdings, Inc. has a 1 year low of $32.10 and a 1 year high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial announced that its Board of Directors has authorized a share repurchase plan on Wednesday, March 5th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 14th were issued a $0.21 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.83%. Bread Financial's dividend payout ratio is presently 15.14%.

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.