New York State Common Retirement Fund Acquires 17,475 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

New York State Common Retirement Fund boosted its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 23.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,170 shares of the company’s stock after purchasing an additional 17,475 shares during the period. New York State Common Retirement Fund’s holdings in Bread Financial were worth $3,003,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp acquired a new position in shares of Bread Financial in the 4th quarter worth approximately $239,000. Strs Ohio grew its position in Bread Financial by 19.6% in the fourth quarter. Strs Ohio now owns 12,800 shares of the company’s stock valued at $421,000 after acquiring an additional 2,100 shares during the period. Louisiana State Employees Retirement System acquired a new position in Bread Financial during the fourth quarter worth $814,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Bread Financial by 19.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock valued at $124,000 after acquiring an additional 603 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Bread Financial in the 4th quarter valued at $369,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BFH shares. BMO Capital Markets increased their target price on shares of Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Argus lowered shares of Bread Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their target price on Bread Financial from $36.00 to $40.00 and gave the stock 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 target for the company in a report on Friday, January 26th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $36.00 price objective on shares of Bread Financial in a research note on Friday, January 26th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Bread Financial presently has an average rating of “Hold” and an average price target of $39.17.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $40.38 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. Bread Financial Holdings, Inc. has a 1-year low of $24.87 and a 1-year high of $41.89. The stock has a market capitalization of $2.00 billion, a P/E ratio of 5.09, a P/E/G ratio of 0.18 and a beta of 1.92. The business has a 50-day moving average price of $36.80 and a two-hundred day moving average price of $33.43.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $998.96 million. During the same period last year, the firm earned $9.08 earnings per share. The company’s quarterly revenue was down 23.1% on a year-over-year basis. Equities analysts predict that Bread Financial Holdings, Inc. will post 5.72 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 2.08%. Bread Financial’s dividend payout ratio is currently 10.58%.

About Bread Financial

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.