Maryland State Retirement & Pension System Decreases Stake in Bread Financial Holdings, Inc. (NYSE:BFH)

Maryland State Retirement & Pension System reduced its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,288 shares of the company’s stock after selling 641 shares during the period. Maryland State Retirement & Pension System’s holdings in Bread Financial were worth $770,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of Bread Financial during the 1st quarter worth $33,000. CWM LLC boosted its position in shares of Bread Financial by 47.5% in the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock worth $76,000 after buying an additional 550 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Bread Financial by 1,280.6% in the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock worth $80,000 after buying an additional 2,241 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Bread Financial in the 4th quarter worth about $83,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Bread Financial in the 1st quarter worth about $152,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on BFH. Jefferies Financial Group boosted their price objective on shares of Bread Financial from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, July 9th. Compass Point boosted their price objective on shares of Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Bank of America boosted their price objective on shares of Bread Financial from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Barclays boosted their price objective on shares of Bread Financial from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $67.00 target price on shares of Bread Financial in a report on Monday, June 17th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.53.

Bread Financial Trading Down 0.7 %

Shares of BFH stock opened at $58.17 on Monday. The firm has a market cap of $2.88 billion, a P/E ratio of 7.33, a PEG ratio of 0.20 and a beta of 1.98. Bread Financial Holdings, Inc. has a 1-year low of $26.08 and a 1-year high of $59.66. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.19. The firm’s 50-day simple moving average is $50.14 and its 200-day simple moving average is $42.55.

Bread Financial (NYSE:BFH) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.60 by $1.06. The business had revenue of $939.00 million for the quarter, compared to analyst estimates of $922.01 million. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 EPS. As a group, equities analysts forecast that Bread Financial Holdings, Inc. will post 7.49 EPS for the current year.

Bread Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.44%. Bread Financial’s payout ratio is currently 10.58%.

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.