Arizona State Retirement System Purchases 279 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Arizona State Retirement System raised its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,836 shares of the company’s stock after purchasing an additional 279 shares during the period. Arizona State Retirement System’s holdings in Bread Financial were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Headlands Technologies LLC bought a new position in Bread Financial in the first quarter valued at approximately $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 purchasing an additional 550 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Bread Financial by 70.3% during the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock worth $88,000 after purchasing an additional 800 shares during the period. Pinnacle Holdings LLC bought a new stake in Bread Financial in the fourth quarter valued at about $83,000. Finally, SG Americas Securities LLC acquired a new position in Bread Financial in the first quarter valued at about $152,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Stock Performance

Shares of BFH opened at $48.10 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. Bread Financial Holdings, Inc. has a 12 month low of $26.08 and a 12 month high of $59.66. The firm has a fifty day simple moving average of $51.82 and a 200 day simple moving average of $43.66. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 0.16 and a beta of 1.95.

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, beating the consensus estimate of $1.60 by $1.06. Bread Financial had a return on equity of 16.24% and a net margin of 9.77%. The company had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $922.01 million. During the same quarter last year, the company earned $1.27 EPS. Bread Financial’s revenue for the quarter was down 1.4% compared to the same quarter last year. Research analysts forecast that Bread Financial Holdings, Inc. will post 7.49 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 9th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Friday, August 9th. Bread Financial’s dividend payout ratio is currently 10.58%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Bread Financial from $48.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. BTIG Research began coverage on shares of Bread Financial in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Jefferies Financial Group boosted their price target on shares of Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. Bank of America upped their price objective on shares of Bread Financial from $54.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Finally, Compass Point lifted their target price on Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.00.

Bread Financial Company 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.