Public Sector Pension Investment Board Has $4.86 Million Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Public Sector Pension Investment Board boosted its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 7.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,105 shares of the company’s stock after acquiring an additional 7,991 shares during the period. Public Sector Pension Investment Board’s holdings in Bread Financial were worth $4,862,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Bread Financial during the 1st quarter worth about $33,000. CWM LLC increased its position in 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 during the period. Pinnacle Holdings LLC acquired a new position in shares of Bread Financial during the fourth quarter worth approximately $83,000. National Bank of Canada FI boosted its position in shares of Bread Financial by 70.3% in the second quarter. National Bank of Canada FI now owns 1,938 shares of the company’s stock valued at $88,000 after acquiring an additional 800 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Bread Financial in the second quarter worth $135,000. 99.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on BFH shares. JPMorgan Chase & Co. increased their price target on shares of Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Barclays lifted their target price on Bread Financial from $32.00 to $37.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. Bank of America cut their price target on Bread Financial from $61.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday. JMP Securities reissued a “market perform” rating on shares of Bread Financial in a report on Thursday, June 20th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $67.00 target price on shares of Bread Financial in a research note on Monday, June 17th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $49.71.

Bread Financial Stock Performance

NYSE BFH opened at $46.59 on Friday. Bread Financial Holdings, Inc. has a 1-year low of $26.08 and a 1-year high of $59.66. The company has a 50 day moving average of $52.13 and a 200-day moving average of $44.34. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 0.17 and a beta of 1.95.

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

Bread Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 9th were given a dividend of $0.21 per share. The ex-dividend date was Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.80%. Bread Financial’s dividend payout ratio (DPR) is 10.58%.

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.