Teacher Retirement System of Texas Invests $364,000 in Bread Financial Holdings, Inc. (NYSE:BFH)

Teacher Retirement System of Texas acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,268 shares of the company’s stock, valued at approximately $364,000.

Other large investors have also modified their holdings of the company. Curat Global LLC bought a new stake in shares of Bread Financial during the 1st quarter worth $28,000. Pinnacle Holdings LLC purchased a new position in shares of Bread Financial during the fourth quarter valued at $46,000. Versant Capital Management Inc grew its holdings in shares of Bread Financial by 182.8% during the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company’s stock valued at $65,000 after buying an additional 839 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Bread Financial by 28.0% during the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company’s stock valued at $73,000 after buying an additional 319 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Bread Financial during the fourth quarter valued at $200,000. 99.52% of the stock is owned by institutional investors.

Bread Financial Stock Performance

Shares of NYSE:BFH opened at $61.20 on Friday. The company’s 50 day simple moving average is $55.17 and its 200 day simple moving average is $54.27. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.17 and a quick ratio of 1.17. Bread Financial Holdings, Inc. has a 1 year low of $38.21 and a 1 year high of $66.71.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.76. Bread Financial had a net margin of 5.89% and a return on equity of 12.60%. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $956.17 million. During the same quarter last year, the business posted $2.73 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, research analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.37%. Bread Financial’s dividend payout ratio is currently 14.92%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BFH. Barclays reissued an “underweight” rating and set a $52.00 price objective (up previously from $45.00) on shares of Bread Financial in a research report on Tuesday, July 8th. Jefferies Financial Group lifted their price objective on Bread Financial from $45.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, April 24th. BTIG Research set a $105.00 price objective on Bread Financial and gave the company a “buy” rating in a research report on Monday. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a research report on Monday, April 28th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Bread Financial in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bread Financial currently has an average rating of “Hold” and an average price target of $63.92.

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.