Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,180 shares of the company’s stock after selling 169 shares during the period. State of Alaska Department of Revenue owned 0.06% of Bread Financial worth $1,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Bread Financial by 2.1% during the 3rd quarter. State Street Corp now owns 2,034,554 shares of the company’s stock valued at $96,804,000 after purchasing an additional 41,012 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Bread Financial by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,989 shares of the company’s stock worth $55,012,000 after acquiring an additional 13,459 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Bread Financial by 30.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock worth $53,353,000 after acquiring an additional 260,283 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Bread Financial by 38.2% during the third quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock worth $41,910,000 after purchasing an additional 243,419 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Bread Financial by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 730,531 shares of the company’s stock valued at $34,759,000 after purchasing an additional 13,484 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on BFH shares. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a research report on Monday, February 3rd. Barclays upped their target price on Bread Financial from $51.00 to $53.00 and gave the company an “underweight” rating in a report on Friday, January 31st. Compass Point lifted their target price on shares of Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. TD Cowen upped 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, Keefe, Bruyette & Woods lifted their price target on Bread Financial from $67.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $59.69.

Bread Financial Trading Up 3.3 %

Bread Financial stock opened at $62.60 on Wednesday. The business’s 50-day simple moving average is $62.29 and its 200-day simple moving average is $56.15. Bread Financial Holdings, Inc. has a 52 week low of $32.10 and a 52 week high of $66.71. The firm has a market capitalization of $3.11 billion, a PE ratio of 11.28, a PEG ratio of 1.34 and a beta of 1.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.15.

Bread Financial (NYSE:BFH) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. Equities research analysts forecast that Bread Financial Holdings, Inc. will post 6.63 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, February 14th. Bread Financial’s dividend payout ratio is currently 15.14%.

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.