Pzena Investment Management LLC boosted its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 14.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 807,557 shares of the company's stock after buying an additional 99,029 shares during the quarter. Pzena Investment Management LLC owned approximately 1.64% of Bread Financial worth $26,601,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in Bread Financial by 19.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company's stock valued at $124,000 after buying an additional 603 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Bread Financial by 3.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,506 shares of the company's stock valued at $770,000 after purchasing an additional 660 shares during the last quarter. Brooktree Capital Management increased its position in shares of Bread Financial by 0.6% during the 4th quarter. Brooktree Capital Management now owns 137,733 shares of the company's stock valued at $4,537,000 after purchasing an additional 853 shares during the last quarter. Swiss National Bank increased its position in shares of Bread Financial by 0.9% during the 3rd quarter. Swiss National Bank now owns 110,123 shares of the company's stock valued at $3,766,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Vista Investment Management increased its position in shares of Bread Financial by 5.5% during the 3rd quarter. Vista Investment Management now owns 23,658 shares of the company's stock valued at $809,000 after purchasing an additional 1,242 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Wolfe Research upgraded Bread Financial from a "peer perform" rating to an "outperform" rating and set a $48.00 price target for the company in a research note on Thursday, April 4th. JPMorgan Chase & Co. raised their target price on Bread Financial from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Friday, January 26th. BMO Capital Markets raised their target price on Bread Financial from $31.00 to $33.00 and gave the stock a "market perform" rating in a research note on Friday, April 26th. Barclays cut their target price on Bread Financial from $27.00 to $26.00 and set an "underweight" rating for the company in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods upgraded Bread Financial from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $38.00 to $67.00 in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Bread Financial has a consensus rating of "Hold" and an average target price of $39.17.
View Our Latest Stock Analysis on BFH
Bread Financial Stock Down 1.2 %
Shares of BFH stock traded down $0.48 during mid-day trading on Thursday, hitting $41.17. The stock had a trading volume of 1,161,077 shares, compared to its average volume of 823,240. Bread Financial Holdings, Inc. has a 12-month low of $26.08 and a 12-month high of $42.73. The firm has a market capitalization of $2.04 billion, a P/E ratio of 5.18, a price-to-earnings-growth ratio of 0.19 and a beta of 1.92. The firm's 50-day moving average is $37.64 and its two-hundred day moving average is $34.51. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18.
Bread Financial (NYSE:BFH - Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.19). The firm had revenue of $991.00 million during the quarter, compared to analysts' expectations of $998.96 million. Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. Bread Financial's quarterly revenue was down 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.08 earnings per share. On average, analysts predict that Bread Financial Holdings, Inc. will post 5.58 earnings per share for the current fiscal year.
Bread Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, May 9th. Bread Financial's payout ratio is 10.58%.
Bread Financial Company Profile
(Free Report)
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.
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