New York State Common Retirement Fund Grows Position in Bread Financial Holdings, Inc. (NYSE:BFH)

New York State Common Retirement Fund raised its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 owned 0.18% of Bread Financial worth $3,003,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Bread Financial by 33.5% in 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 buying an additional 265,060 shares during the period. New York State Teachers Retirement System increased its stake in Bread Financial by 5.3% during the third quarter. New York State Teachers Retirement System now owns 75,981 shares of the company’s stock worth $2,599,000 after acquiring an additional 3,840 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Bread Financial by 23.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,156 shares of the company’s stock worth $347,000 after purchasing an additional 1,903 shares during the period. Strs Ohio purchased a new position in shares of Bread Financial in the 3rd quarter worth about $365,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Bread Financial by 3.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,506 shares of the company’s stock valued at $770,000 after purchasing an additional 660 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Bread Financial Stock Down 1.1 %

Shares of Bread Financial stock opened at $40.38 on Tuesday. Bread Financial Holdings, Inc. has a twelve month low of $24.87 and a twelve month high of $41.89. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 0.18 and a beta of 1.92. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The business’s 50 day simple moving average is $36.80 and its 200-day simple moving average is $33.43.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). The company had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The business’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.08 earnings per share. Equities research analysts forecast that Bread Financial Holdings, Inc. will post 5.72 earnings per share for the current year.

Bread Financial Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently issued reports on BFH shares. Argus downgraded shares of Bread Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Oppenheimer upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a report on Friday, January 26th. Wolfe Research upgraded Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Thursday, April 4th. JPMorgan Chase & Co. boosted their target price on shares of Bread Financial from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $36.00 price target on shares of Bread Financial in a report on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.17.

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.