Bread Financial Holdings, Inc. (NYSE:BFH) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,316 shares of the company’s stock after selling 200 shares during the period. New York State Teachers Retirement System owned approximately 0.14% of Bread Financial worth $4,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Savant Capital LLC grew its holdings in Bread Financial by 5.8% during the fourth quarter. Savant Capital LLC now owns 5,329 shares of the company’s stock worth $325,000 after acquiring an additional 290 shares during the period. Entropy Technologies LP acquired a new stake in Bread Financial during the fourth quarter worth $927,000. Choreo LLC acquired a new stake in Bread Financial during the fourth quarter worth $201,000. Highland Capital Management LLC grew its stake in shares of Bread Financial by 6.5% in the fourth quarter. Highland Capital Management LLC now owns 5,734 shares of the company’s stock valued at $350,000 after buying an additional 350 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Bread Financial by 36.1% in the fourth quarter. KBC Group NV now owns 2,103 shares of the company’s stock valued at $128,000 after buying an additional 558 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Trading Down 2.3 %

BFH stock opened at $59.60 on Friday. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 1.35 and a beta of 1.93. The company has a quick ratio of 1.19, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $61.97 and a 200-day simple moving average of $56.61. Bread Financial Holdings, Inc. has a 52 week low of $32.10 and a 52 week high of $66.71.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. On average, equities research analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, February 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.41%. Bread Financial’s dividend payout ratio is presently 15.14%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BFH shares. Compass Point lifted their target price on Bread Financial from $75.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. The Goldman Sachs Group boosted their price target on Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research report on Tuesday, November 19th. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $35.00 to $76.00 in a research report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their target price on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Evercore ISI boosted their price target on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $59.69.

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.