Los Angeles Capital Management LLC Trims Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Los Angeles Capital Management LLC lessened its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 7.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,693 shares of the company’s stock after selling 1,242 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Bread Financial were worth $584,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Denali Advisors LLC increased its position in Bread Financial by 46.8% during the fourth quarter. Denali Advisors LLC now owns 153,402 shares of the company’s stock valued at $5,053,000 after acquiring an additional 48,900 shares during the last quarter. Pzena Investment Management LLC increased its position in Bread Financial by 14.0% in the fourth quarter. Pzena Investment Management LLC now owns 807,557 shares of the company’s stock worth $26,601,000 after buying an additional 99,029 shares in the last quarter. Bridgeway Capital Management LLC increased its position in Bread Financial by 10.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 528,003 shares of the company’s stock worth $17,392,000 after buying an additional 50,474 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Bread Financial by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock worth $22,140,000 after buying an additional 37,005 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Bread Financial by 7.8% in the fourth quarter. Wellington Management Group LLP now owns 2,107,253 shares of the company’s stock worth $69,413,000 after buying an additional 152,954 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Evercore ISI upgraded Bread Financial from an “underperform” rating to an “in-line” rating and upped their price target for the stock from $42.00 to $45.00 in a research report on Thursday, June 20th. Barclays reduced their price target on Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research report on Tuesday, April 9th. JMP Securities reaffirmed a “market perform” rating on shares of Bread Financial in a research note on Thursday, June 20th. Wolfe Research raised Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Thursday, April 4th. Finally, Royal Bank of Canada upped their price objective on Bread Financial from $38.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.92.

Bread Financial Price Performance

Shares of Bread Financial stock opened at $43.37 on Wednesday. The firm has a market cap of $2.15 billion, a PE ratio of 5.46, a PEG ratio of 0.20 and a beta of 1.94. Bread Financial Holdings, Inc. has a 12 month low of $26.08 and a 12 month high of $45.08. The stock has a 50 day moving average of $40.01 and a 200 day moving average of $36.79. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43.

Bread Financial (NYSE:BFH) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.19). The company had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. Bread Financial’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same period in the previous year, the business earned $9.08 earnings per share. On average, research analysts expect that Bread Financial Holdings, Inc. will post 5.63 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 10th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Thursday, May 9th. Bread Financial’s payout ratio is 10.58%.

About Bread Financial

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.