Public Employees Retirement System of Ohio Acquires New Position in Bread Financial Holdings, Inc. $BFH

Public Employees Retirement System of Ohio bought a new position in Bread Financial Holdings, Inc. (NYSE:BFH) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 34,673 shares of the company’s stock, valued at approximately $3,757,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new position in shares of Bread Financial in the fourth quarter worth approximately $28,000. Cullen Frost Bankers Inc. purchased a new position in shares of Bread Financial during the 4th quarter valued at $29,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Bread Financial during the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its holdings in Bread Financial by 127.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock worth $41,000 after buying an additional 398 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Bread Financial by 58.7% in the 1st quarter. Pacer Advisors Inc. now owns 614 shares of the company’s stock worth $46,000 after buying an additional 227 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Bread Financial Price Performance

NYSE:BFH opened at $108.83 on Friday. The business’s 50-day moving average is $105.39 and its 200 day moving average is $91.24. Bread Financial Holdings, Inc. has a 12 month low of $53.83 and a 12 month high of $114.53. The company has a market capitalization of $4.18 billion, a P/E ratio of 8.49, a P/E/G ratio of 0.67 and a beta of 1.10. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Bread Financial (NYSE:BFH) last released its quarterly earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.81. Bread Financial had a return on equity of 18.42% and a net margin of 11.95%.The business had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $959.32 million. During the same quarter last year, the business posted $3.15 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Bread Financial Holdings, Inc. will post 12.1 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.8%. Bread Financial’s dividend payout ratio (DPR) is 7.18%.

Analysts Set New Price Targets

Several brokerages recently issued reports on BFH. Evercore reissued an “outperform” rating and set a $116.00 target price on shares of Bread Financial in a research note on Monday, July 6th. Wall Street Zen upgraded Bread Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Zacks Research raised shares of Bread Financial from a “hold” rating to a “strong-buy” rating in a report on Monday. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research report on Tuesday, August 25th. Finally, Loop Capital started coverage on shares of Bread Financial in a report on Thursday, May 21st. They issued a “buy” rating and a $104.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.08.

Insiders Place Their Bets

In related news, Director Praniti Lakhwara sold 2,802 shares of the business’s stock in a transaction on 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 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

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.