State of New Jersey Common Pension Fund D Acquires New Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

State of New Jersey Common Pension Fund D bought a new position in Bread Financial Holdings, Inc. (NYSE:BFH) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 35,232 shares of the company’s stock, valued at approximately $1,676,000. State of New Jersey Common Pension Fund D owned about 0.07% of Bread Financial as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BFH. GAMMA Investing LLC grew its holdings in shares of Bread Financial by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,035 shares of the company’s stock valued at $49,000 after purchasing an additional 260 shares during the last quarter. Pallas Capital Advisors LLC increased its position in Bread Financial by 6.2% during the 3rd quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock valued at $239,000 after buying an additional 278 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Bread Financial by 2.1% during the second quarter. Arizona State Retirement System now owns 13,836 shares of the company’s stock valued at $617,000 after acquiring an additional 279 shares in the last quarter. Point72 DIFC Ltd raised its holdings in Bread Financial by 30.0% in the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company’s stock worth $77,000 after buying an additional 397 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Bread Financial by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the company’s stock worth $1,110,000 after acquiring an additional 500 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Bread Financial news, Director John J. Fawcett acquired 1,000 shares of the stock in a transaction dated Monday, October 28th. The stock was purchased at an average price of $51.02 per share, with a total value of $51,020.00. Following the transaction, the director now directly owns 6,473 shares of the company’s stock, valued at $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Bread Financial Stock Down 1.4 %

NYSE:BFH opened at $57.67 on Tuesday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 9.18 and a beta of 1.94. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Bread Financial Holdings, Inc. has a twelve month low of $26.58 and a twelve month high of $63.01. The stock has a fifty day simple moving average of $51.25 and a 200-day simple moving average of $48.41.

Bread Financial (NYSE:BFH) last issued its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The firm had revenue of $983.00 million for the quarter, compared to the consensus estimate of $981.26 million. During the same period last year, the firm earned $3.46 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts anticipate that Bread Financial Holdings, Inc. will post 7.63 EPS for the current year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.84 dividend on an annualized basis and a yield of 1.46%. Bread Financial’s dividend payout ratio is currently 13.38%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BFH shares. Royal Bank of Canada boosted their target price on shares of Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. raised their price objective on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group boosted their price target on Bread Financial from $40.00 to $53.00 and gave the stock a “sell” rating in a report on Monday, July 29th. TD Cowen boosted their price target on shares of Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Evercore ISI increased their target price on Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Bread Financial currently has an average rating of “Hold” and an average price target of $49.64.

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.