Hotchkis & Wiley Capital Management LLC Has $11.16 Million Stock Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Hotchkis & Wiley Capital Management LLC lessened its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 21.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 234,460 shares of the company’s stock after selling 63,330 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Bread Financial were worth $11,156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BFH. Price T Rowe Associates Inc. MD grew its holdings in Bread Financial by 5.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 33,782 shares of the company’s stock valued at $1,259,000 after purchasing an additional 1,856 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Bread Financial by 25.0% during the second quarter. Harbor Capital Advisors Inc. now owns 13,428 shares of the company’s stock valued at $598,000 after purchasing an additional 2,689 shares during the last quarter. CWM LLC grew its holdings in Bread Financial by 47.5% during the second quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after purchasing an additional 550 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Bread Financial in the second quarter valued at approximately $3,109,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of Bread Financial in the second quarter valued at approximately $201,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Stock Up 1.2 %

Shares of NYSE BFH opened at $61.15 on Wednesday. The stock has a market cap of $3.04 billion, a PE ratio of 9.74 and a beta of 1.96. The business has a fifty day moving average of $53.24 and a two-hundred day moving average of $49.90. Bread Financial Holdings, Inc. has a 52-week low of $28.00 and a 52-week high of $63.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The business had revenue of $983.00 million during the quarter, compared to analyst estimates of $981.26 million. During the same quarter last year, the business posted $3.46 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Bread Financial Holdings, Inc. will post 7.49 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.37%. Bread Financial’s dividend payout ratio is 13.38%.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost of $51.02 per share, with a total value of $51,020.00. Following the completion of the acquisition, the director now directly owns 6,473 shares of the company’s stock, valued at $330,252.46. This represents a 18.27 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BFH. Bank of America reduced their price objective on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Barclays reduced their target price on Bread Financial from $35.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday, October 25th. The Goldman Sachs Group raised their target price on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Evercore ISI raised their target price on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, TD Cowen raised their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.00.

Bread Financial Company 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.