Strs Ohio Raises Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

Strs Ohio raised its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 19.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,800 shares of the company’s stock after buying an additional 2,100 shares during the quarter. Strs Ohio’s holdings in Bread Financial were worth $421,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Bread Financial by 4.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,954,299 shares of the company’s stock worth $66,837,000 after purchasing an additional 79,373 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Bread Financial by 33.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,055,263 shares of the company’s stock worth $36,090,000 after purchasing an additional 265,060 shares during the period. Deutsche Bank AG grew its holdings in shares of Bread Financial by 586.5% during the 3rd quarter. Deutsche Bank AG now owns 712,566 shares of the company’s stock worth $24,370,000 after purchasing an additional 608,769 shares during the period. Pzena Investment Management LLC grew its holdings in shares of Bread Financial by 17.8% during the 3rd quarter. Pzena Investment Management LLC now owns 708,528 shares of the company’s stock worth $24,232,000 after purchasing an additional 106,891 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Bread Financial by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 635,136 shares of the company’s stock worth $21,722,000 after purchasing an additional 22,464 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Price Performance

BFH stock opened at $36.97 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $1.83 billion, a P/E ratio of 4.66, a P/E/G ratio of 0.14 and a beta of 1.93. The business’s 50-day moving average is $36.52 and its two-hundred day moving average is $33.07. Bread Financial Holdings, Inc. has a 1 year low of $23.19 and a 1 year high of $41.89.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.19). Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The business had revenue of $991.00 million for the quarter, compared to analyst estimates of $998.96 million. During the same period last year, the business posted $9.08 EPS. Bread Financial’s revenue was down 23.1% on a year-over-year basis. Analysts anticipate that Bread Financial Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Thursday, May 9th. Bread Financial’s dividend payout ratio (DPR) is presently 10.58%.

Analyst Ratings Changes

BFH has been the subject of a number of research analyst reports. Oppenheimer upgraded Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a report on Friday, January 26th. JPMorgan Chase & Co. raised their target price on Bread Financial from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Barclays lowered their target price on Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, April 9th. 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. Finally, Wolfe Research upgraded Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 target price for the company in a report on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Bread Financial presently has a consensus rating of “Hold” and a consensus price target of $36.64.

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.