Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,816 shares of the company’s stock after selling 5,165 shares during the quarter. New York State Teachers Retirement System’s holdings in Bread Financial were worth $2,333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. purchased a new stake in shares of Bread Financial during the third quarter worth about $155,419,000. BlackRock Inc. increased its position in shares of Bread Financial by 0.8% during the first quarter. BlackRock Inc. now owns 4,889,894 shares of the company’s stock worth $148,262,000 after acquiring an additional 38,371 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bread Financial by 62.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,169,566 shares of the company’s stock worth $65,779,000 after acquiring an additional 830,855 shares during the last quarter. State Street Corp increased its position in shares of Bread Financial by 0.7% during the first quarter. State Street Corp now owns 1,958,208 shares of the company’s stock worth $59,373,000 after acquiring an additional 13,819 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Bread Financial by 4.2% during the third quarter. Wellington Management Group LLP now owns 1,954,299 shares of the company’s stock worth $66,837,000 after acquiring an additional 79,373 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Stock Performance

Shares of BFH stock opened at $33.79 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $36.79 and a two-hundred day moving average of $32.88. Bread Financial Holdings, Inc. has a 52 week low of $23.19 and a 52 week high of $41.89. The company has a market cap of $1.67 billion, a P/E ratio of 2.36, a PEG ratio of 0.12 and a beta of 1.93.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, January 25th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of ($0.67) by $1.57. Bread Financial had a return on equity of 26.24% and a net margin of 13.87%. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $984.36 million. During the same period in the previous year, the firm posted ($2.68) earnings per share. Bread Financial’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, analysts anticipate that Bread Financial Holdings, Inc. will post 7.03 EPS for the current year.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 9th were paid a $0.21 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.84 dividend on an annualized basis and a yield of 2.49%. Bread Financial’s payout ratio is currently 5.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BFH. Evercore ISI lowered Bread Financial from an “in-line” rating to an “underperform” rating and lifted their target price for the stock from $29.00 to $33.00 in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. boosted their price objective on Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Oppenheimer raised Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a report on Friday, January 26th. The Goldman Sachs Group boosted their price objective on Bread Financial from $27.00 to $31.00 and gave the company a “sell” rating in a report on Monday, December 18th. Finally, BMO Capital Markets lowered their price objective on Bread Financial from $33.00 to $32.00 and set a “market perform” rating for the company in a report on Monday, January 29th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $36.55.

Insider Buying and Selling at Bread Financial

In other news, major shareholder Turtle Creek Asset Management sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $29.86, for a total transaction of $895,800.00. Following the completion of the transaction, the insider now directly owns 304,769 shares in the company, valued at $9,100,402.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 195,000 shares of company stock worth $6,323,850 over the last ninety days. Company insiders own 0.62% of the company’s stock.

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.