Pzena Investment Management LLC Purchases 99,029 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Pzena Investment Management LLC lifted its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 807,557 shares of the company’s stock after buying an additional 99,029 shares during the quarter. Pzena Investment Management LLC owned about 1.64% of Bread Financial worth $26,601,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BFH. National Bank of Canada FI grew its stake in shares of Bread Financial by 1,280.6% in the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after buying an additional 2,241 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Bread Financial by 25.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock valued at $108,000 after buying an additional 633 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Bread Financial in the 3rd quarter worth approximately $116,000. Quest Partners LLC acquired a new stake in Bread Financial in the 4th quarter worth approximately $145,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in Bread Financial in the 4th quarter worth approximately $206,000. Institutional investors own 99.52% of the company’s stock.

Wall Street Analyst Weigh In

BFH has been the subject of several analyst reports. 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 report on Friday, April 26th. Wolfe Research upgraded Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a report on Thursday, April 4th. Barclays reduced their target price on Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, April 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $36.00 target price on shares of Bread Financial in a report on Friday, January 26th. Finally, Oppenheimer upgraded Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Bread Financial presently has an average rating of “Hold” and a consensus target price of $39.17.

Bread Financial Stock Performance

Shares of NYSE BFH traded down $0.37 during trading hours on Thursday, reaching $41.28. The stock had a trading volume of 76,655 shares, compared to its average volume of 812,258. The business’s fifty day moving average is $37.58 and its two-hundred day moving average is $34.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 5.25, a PEG ratio of 0.19 and a beta of 1.92. Bread Financial Holdings, Inc. has a twelve month low of $26.08 and a twelve month high of $42.73.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). The firm had revenue of $991.00 million during the quarter, compared to analyst estimates of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.08 earnings per share. As a group, research analysts expect that Bread Financial Holdings, Inc. will post 5.58 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 10th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, May 9th. Bread Financial’s dividend payout ratio (DPR) is 10.58%.

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.