Public Sector Pension Investment Board Trims Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Public Sector Pension Investment Board decreased its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 3.4% during the third quarter, Holdings Channel reports. The institutional investor owned 105,405 shares of the company’s stock after selling 3,700 shares during the period. Public Sector Pension Investment Board’s holdings in Bread Financial were worth $5,015,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Bread Financial by 5.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,782 shares of the company’s stock valued at $1,259,000 after acquiring an additional 1,856 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Bread Financial in the 1st quarter worth approximately $1,546,000. Harbor Capital Advisors Inc. boosted its stake in Bread Financial by 25.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 13,428 shares of the company’s stock worth $598,000 after purchasing an additional 2,689 shares during the period. CWM LLC grew its holdings in Bread Financial by 47.5% during the 2nd quarter. CWM LLC now owns 1,708 shares of the company’s stock valued at $76,000 after buying an additional 550 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of Bread Financial during the second quarter valued at approximately $3,109,000. Institutional investors own 99.52% of the company’s stock.

Bread Financial Trading Up 1.5 %

BFH opened at $58.83 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The stock’s 50 day moving average price is $52.77 and its 200-day moving average price is $49.62. Bread Financial Holdings, Inc. has a one year low of $27.44 and a one year high of $63.01. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 9.37 and a beta of 1.94.

Bread Financial (NYSE:BFH) last released its earnings results on Thursday, October 24th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.03). The business had revenue of $983.00 million during the quarter, compared to analysts’ expectations of $981.26 million. Bread Financial had a return on equity of 13.33% and a net margin of 6.37%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.46 EPS. On average, 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, December 13th. Shareholders of record on Friday, November 8th will be given a $0.21 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.84 annualized dividend and a yield of 1.43%. Bread Financial’s dividend payout ratio (DPR) is 13.38%.

Wall Street Analyst Weigh In

Several analysts have commented on BFH shares. Bank of America decreased their price target on shares of Bread Financial from $61.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. JPMorgan Chase & Co. increased their price target on Bread Financial from $48.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Barclays reduced their price objective on Bread Financial from $35.00 to $34.00 and set an “underweight” rating on the stock in a research note on Friday, October 25th. Evercore ISI raised their target price on shares of Bread Financial from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group upped their price target on shares of Bread Financial from $52.00 to $58.00 and gave the company a “sell” rating in a research note on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $50.00.

Insiders Place Their Bets

In other news, Director John J. Fawcett purchased 1,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the completion of the acquisition, the director now owns 6,473 shares of the company’s stock, valued at approximately $330,252.46. This trade represents a 18.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.62% of the company’s stock.

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.