Pzena Investment Management LLC Decreases Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Pzena Investment Management LLC cut its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 18.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 722,139 shares of the company's stock after selling 158,688 shares during the quarter. Pzena Investment Management LLC owned about 1.45% of Bread Financial worth $44,094,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Bread Financial by 11.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,050 shares of the company's stock worth $797,000 after buying an additional 1,379 shares in the last quarter. Amundi lifted its position in shares of Bread Financial by 88.5% during the 4th quarter. Amundi now owns 33,820 shares of the company's stock worth $2,005,000 after buying an additional 15,883 shares during the last quarter. Edgestream Partners L.P. lifted its position in shares of Bread Financial by 327.9% during the 4th quarter. Edgestream Partners L.P. now owns 57,271 shares of the company's stock worth $3,497,000 after buying an additional 43,887 shares during the last quarter. Atria Investments Inc bought a new stake in shares of Bread Financial during the 4th quarter worth $308,000. Finally, Assetmark Inc. lifted its position in shares of Bread Financial by 5.4% during the 4th quarter. Assetmark Inc. now owns 103,399 shares of the company's stock worth $6,314,000 after buying an additional 5,320 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

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Bread Financial Stock Up 3.9 %

Shares of Bread Financial stock traded up $1.85 on Friday, reaching $49.40. The company's stock had a trading volume of 915,919 shares, compared to its average volume of 795,928. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 1.25 and a beta of 1.96. The firm's fifty day simple moving average is $58.58 and its two-hundred day simple moving average is $56.61. 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.

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

Bread Financial announced that its Board of Directors has authorized a stock buyback program on Wednesday, March 5th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 14th will be given a $0.21 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.70%. Bread Financial's dividend payout ratio is currently 15.14%.

Wall Street Analyst Weigh In

BFH has been the subject of several research reports. Keefe, Bruyette & Woods increased their target price on Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research report on Monday, February 3rd. Morgan Stanley upgraded Bread Financial from an "underweight" rating to an "overweight" rating and increased their target price for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. Royal Bank of Canada increased their target price on Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Finally, Barclays increased their target price on Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $59.69.

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.