Bread Financial Holdings, Inc. $BFH Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System raised its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 23.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,175 shares of the company’s stock after purchasing an additional 10,347 shares during the period. California State Teachers Retirement System’s holdings in Bread Financial were worth $4,057,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in shares of Bread Financial by 3.5% in the 1st quarter. Empowered Funds LLC now owns 193,123 shares of the company’s stock valued at $14,463,000 after buying an additional 6,574 shares during the period. Quantinno Capital Management LP raised its stake in Bread Financial by 66.9% during the first quarter. Quantinno Capital Management LP now owns 28,170 shares of the company’s stock worth $2,110,000 after acquiring an additional 11,292 shares during the period. Lazard Asset Management LLC lifted its holdings in Bread Financial by 1.7% in the first quarter. Lazard Asset Management LLC now owns 16,576 shares of the company’s stock worth $1,241,000 after acquiring an additional 272 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Bread Financial during the first quarter valued at approximately $2,292,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Bread Financial during the first quarter valued at approximately $2,971,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Bread Financial

In other Bread Financial news, Director Praniti Lakhwara sold 2,802 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $106.12, for a total value of $297,348.24. Following the sale, the director directly owned 4,458 shares in the company, valued at approximately $473,082.96. The trade was a 38.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John J. Fawcett purchased 698 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $86.43 per share, for a total transaction of $60,328.14. Following the completion of the transaction, the director owned 11,000 shares of the company’s stock, valued at $950,730. This represents a 6.78% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on Bread Financial from $94.00 to $108.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. Barclays upped their price objective on Bread Financial from $104.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Bank of America reaffirmed a “buy” rating and issued a $108.00 target price on shares of Bread Financial in a research report on Wednesday, June 10th. Seaport Research Partners reissued a “buy” rating and set a $119.00 price target on shares of Bread Financial in a report on Monday, July 27th. Finally, Evercore reissued an “outperform” rating and set a $116.00 price target on shares of Bread Financial in a report on Monday, July 6th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $110.58.

Bread Financial Stock Performance

Shares of BFH opened at $108.22 on Friday. The firm has a market capitalization of $4.16 billion, a PE ratio of 8.44, a P/E/G ratio of 0.71 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $101.73 and a 200 day moving average price of $86.52. Bread Financial Holdings, Inc. has a 52-week low of $53.83 and a 52-week high of $114.12.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, July 23rd. The company reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.81. The company had revenue of $992.00 million for the quarter, compared to the consensus estimate of $959.32 million. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. Bread Financial’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.15 EPS. On average, sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 11.82 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, August 31st. Bread Financial’s dividend payout ratio is 7.18%.

Bread Financial Profile

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.