Bread Financial Holdings, Inc. (NYSE:BFH) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 36,450 shares of the company’s stock after acquiring an additional 1,218 shares during the period. State of New Jersey Common Pension Fund D owned about 0.07% of Bread Financial worth $2,226,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC lifted its position in shares of Bread Financial by 43.7% during the 3rd quarter. CWM LLC now owns 2,455 shares of the company’s stock valued at $117,000 after acquiring an additional 747 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Bread Financial by 64.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company’s stock worth $125,000 after buying an additional 1,033 shares during the period. KBC Group NV boosted its position in shares of Bread Financial by 36.1% in the fourth quarter. KBC Group NV now owns 2,103 shares of the company’s stock worth $128,000 after buying an additional 558 shares during the period. Choreo LLC acquired a new stake in shares of Bread Financial in the fourth quarter worth $201,000. Finally, Diversified Trust Co acquired a new stake in shares of Bread Financial in the fourth quarter worth $209,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Price Performance

NYSE BFH opened at $56.87 on Friday. Bread Financial Holdings, Inc. has a fifty-two week low of $32.10 and a fifty-two week high of $66.71. The stock’s 50-day moving average is $61.80 and its two-hundred day moving average is $56.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.15 and a quick ratio of 1.19. The firm has a market cap of $2.79 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 1.33 and a beta of 1.93.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a return on equity of 12.41% and a net margin of 5.75%. On average, analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.84 annualized dividend and a yield of 1.48%. Bread Financial’s dividend payout ratio (DPR) is currently 15.14%.

Analysts Set New Price Targets

Several brokerages have recently commented on BFH. Barclays raised their target price on Bread Financial from $51.00 to $53.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Evercore ISI raised their target price on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research report on Tuesday, November 19th. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. Finally, TD Cowen raised their target price on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $59.69.

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.