Nisa Investment Advisors LLC Has $623,000 Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Nisa Investment Advisors LLC decreased its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,905 shares of the company’s stock after selling 776 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Bread Financial were worth $623,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its holdings in Bread Financial by 42.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,011 shares of the company’s stock worth $38,000 after purchasing an additional 300 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Bread Financial by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 20,161 shares of the company’s stock worth $633,000 after purchasing an additional 350 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Bread Financial by 169.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 842 shares of the company’s stock worth $31,000 after purchasing an additional 530 shares during the last quarter. Credit Suisse AG boosted its holdings in Bread Financial by 1.4% during the fourth quarter. Credit Suisse AG now owns 44,220 shares of the company’s stock worth $1,665,000 after purchasing an additional 621 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Bread Financial by 25.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,168 shares of the company’s stock worth $108,000 after purchasing an additional 633 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management sold 30,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $30.88, for a total value of $926,400.00. Following the transaction, the insider now directly owns 302,973 shares of the company’s stock, valued at $9,355,806.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 165,000 shares of company stock valued at $5,417,850 over the last ninety days. 0.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $36.00 target price on shares of Bread Financial in a report on Friday, January 26th. Barclays cut their price target on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday, April 9th. BMO Capital Markets cut their price target on shares of Bread Financial from $33.00 to $32.00 and set a “market perform” rating for the company in a research note on Monday, January 29th. Oppenheimer upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research note on Friday, January 26th. Finally, Evercore ISI cut shares of Bread Financial from an “in-line” rating to an “underperform” rating and increased their price target for the company from $29.00 to $33.00 in a research note on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.55.

Bread Financial Price Performance

Shares of BFH opened at $33.54 on Wednesday. The firm has a market capitalization of $1.66 billion, a PE ratio of 2.34, a PEG ratio of 0.12 and a beta of 1.93. The company’s 50-day moving average is $36.79 and its 200-day moving average is $32.88. Bread Financial Holdings, Inc. has a fifty-two week low of $23.19 and a fifty-two week high of $41.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.18 and a quick ratio of 1.18.

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

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 9th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, February 8th. Bread Financial’s payout ratio is presently 5.87%.

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.