Los Angeles Capital Management LLC Increases Holdings in Bread Financial Holdings, Inc. $BFH

Los Angeles Capital Management LLC raised its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 14.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 17,837 shares of the company’s stock after acquiring an additional 2,218 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Bread Financial were worth $1,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP grew its stake in shares of Bread Financial by 947.5% in the first quarter. Quarry LP now owns 639 shares of the company’s stock valued at $32,000 after buying an additional 578 shares in the last quarter. Strs Ohio acquired a new position in Bread Financial during the 1st quarter worth approximately $65,000. State of Wyoming purchased a new position in Bread Financial in the 1st quarter worth approximately $92,000. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Bread Financial in the second quarter valued at approximately $166,000. Finally, GAMMA Investing LLC grew its position in Bread Financial by 108.2% in the second quarter. GAMMA Investing LLC now owns 3,033 shares of the company’s stock valued at $173,000 after acquiring an additional 1,576 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BFH. The Goldman Sachs Group boosted their target price on shares of Bread Financial from $60.00 to $68.00 and gave the stock a “sell” rating in a research report on Friday, October 24th. Wall Street Zen downgraded shares of Bread Financial from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Barclays boosted their price objective on shares of Bread Financial from $50.00 to $52.00 and gave the stock an “underweight” rating in a report on Friday, October 24th. Weiss Ratings raised shares of Bread Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, November 7th. Finally, Zacks Research upgraded Bread Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $70.00.

Bread Financial Price Performance

Shares of NYSE BFH opened at $64.03 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 6.52, a price-to-earnings-growth ratio of 0.50 and a beta of 1.51. Bread Financial Holdings, Inc. has a twelve month low of $38.21 and a twelve month high of $68.01. The business has a 50 day simple moving average of $61.21 and a 200-day simple moving average of $58.36.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $1.91. The firm had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $974.30 million. Bread Financial had a return on equity of 15.97% and a net margin of 10.08%.The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the business posted $1.83 earnings per share. Bread Financial has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 7th will be issued a $0.23 dividend. This is a boost from Bread Financial’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.92 annualized dividend and a dividend yield of 1.4%. Bread Financial’s dividend payout ratio (DPR) is presently 9.37%.

Bread Financial announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 27th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

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.