Bread Financial Holdings, Inc. $BFH Holdings Lowered by Pzena Investment Management LLC

Pzena Investment Management LLC reduced its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 613,673 shares of the company’s stock after selling 26,457 shares during the period. Pzena Investment Management LLC’s holdings in Bread Financial were worth $45,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new position in shares of Bread Financial during the fourth quarter valued at approximately $28,000. Cullen Frost Bankers Inc. acquired a new stake in Bread Financial in the fourth quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. lifted its position in Bread Financial by 141.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock worth $31,000 after purchasing an additional 329 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Bread Financial by 127.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after purchasing an additional 398 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Bread Financial by 8,300.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 840 shares of the company’s stock valued at $47,000 after purchasing an additional 830 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

Bread Financial Price Performance

NYSE BFH opened at $105.55 on Thursday. Bread Financial Holdings, Inc. has a 1 year low of $53.83 and a 1 year high of $109.91. The business’s fifty day moving average is $92.96 and its two-hundred day moving average is $81.32. The stock has a market capitalization of $4.27 billion, a P/E ratio of 8.64, a P/E/G ratio of 0.98 and a beta of 1.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.15 and a current ratio of 1.15.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, April 23rd. The company reported $4.18 earnings per share for the quarter, topping the consensus estimate of $3.00 by $1.18. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $992.05 million. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $2.86 EPS. On average, research analysts forecast that Bread Financial Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.23 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.9%. Bread Financial’s dividend payout ratio (DPR) is 7.53%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on Bread Financial from $105.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, June 12th. Zacks Research raised Bread Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. BTIG Research lifted their target price on Bread Financial from $105.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday. TD Cowen boosted their price target on shares of Bread Financial from $80.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Finally, Bank of America reiterated a “buy” rating and issued a $108.00 price target on shares of Bread Financial in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Bread Financial presently has a consensus rating of “Moderate Buy” and an average price target of $98.67.

Insider Buying and Selling

In related news, Director John J. Fawcett acquired 698 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $86.43 per share, for a total transaction of $60,328.14. Following the acquisition, the director owned 11,000 shares in the company, valued at approximately $950,730. This represents a 6.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ralph J. Andretta sold 15,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $89.10, for a total value of $1,336,500.00. Following the sale, the chief executive officer owned 582,241 shares in the company, valued at approximately $51,877,673.10. The trade was a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by company insiders.

Bread Financial Profile

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.