Maryland State Retirement & Pension System Has $781,000 Position in Bread Financial Holdings, Inc. $BFH

Maryland State Retirement & Pension System reduced its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,680 shares of the company’s stock after selling 654 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Bread Financial were worth $781,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in shares of Bread Financial by 45.0% in the first quarter. Wellington Management Group LLP now owns 1,320,418 shares of the company’s stock valued at $66,127,000 after buying an additional 409,877 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Bread Financial by 104.8% in the first quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock valued at $36,889,000 after buying an additional 376,920 shares in the last quarter. Invesco Ltd. increased its stake in shares of Bread Financial by 43.6% in the first quarter. Invesco Ltd. now owns 529,049 shares of the company’s stock valued at $26,495,000 after buying an additional 160,580 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of Bread Financial by 45.6% in the first quarter. Jupiter Asset Management Ltd. now owns 506,168 shares of the company’s stock valued at $25,349,000 after buying an additional 158,557 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of Bread Financial by 424.9% in the first quarter. Quantbot Technologies LP now owns 168,303 shares of the company’s stock valued at $8,429,000 after buying an additional 136,239 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bread Financial

In other Bread Financial news, Director John J. Fawcett bought 1,027 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The shares were bought at an average price of $61.79 per share, for a total transaction of $63,458.33. Following the transaction, the director directly owned 10,302 shares in the company, valued at approximately $636,560.58. This trade represents a 11.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.85% of the company’s stock.

Bread Financial Price Performance

Bread Financial stock opened at $56.36 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. Bread Financial Holdings, Inc. has a 52 week low of $38.21 and a 52 week high of $68.01. The stock has a market capitalization of $2.63 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 0.49 and a beta of 1.41. The stock has a fifty day moving average of $60.89 and a 200-day moving average of $55.88.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $1.29. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The business had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $944.69 million. During the same quarter in the prior year, the firm earned $2.66 EPS. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. Bread Financial has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial announced that its Board of Directors has approved a stock repurchase plan on Wednesday, August 27th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 8th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, August 8th. Bread Financial’s payout ratio is 14.21%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BFH. Wall Street Zen cut Bread Financial from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods reduced their target price on Bread Financial from $88.00 to $71.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Royal Bank Of Canada raised their target price on Bread Financial from $65.00 to $74.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Bread Financial in a report on Wednesday, October 8th. Finally, Morgan Stanley raised their price target on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Bread Financial has a consensus rating of “Hold” and a consensus target price of $66.20.

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.