Illinois Municipal Retirement Fund Has $1.40 Million Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Illinois Municipal Retirement Fund grew its holdings in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 19.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,016 shares of the company's stock after acquiring an additional 4,503 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of Bread Financial worth $1,403,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BFH. O Shaughnessy Asset Management LLC increased its position in Bread Financial by 2.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,248 shares of the company's stock worth $443,000 after buying an additional 175 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Bread Financial by 3.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,202 shares of the company's stock worth $318,000 after acquiring an additional 184 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Bread Financial by 1.0% during the 4th quarter. Federated Hermes Inc. now owns 30,641 shares of the company's stock valued at $1,871,000 after acquiring an additional 305 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Bread Financial by 28.0% in the 1st quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock valued at $73,000 after acquiring an additional 319 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in Bread Financial by 10.2% in the 1st quarter. QRG Capital Management Inc. now owns 4,037 shares of the company's stock worth $202,000 after purchasing an additional 373 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BFH shares. Jefferies Financial Group raised their price target on Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their price target on Bread Financial from $68.00 to $58.00 and set a "sell" rating on the stock in a research report on Tuesday, March 18th. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research report on Monday, April 28th. Finally, Morgan Stanley increased their price target on shares of Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a report on Monday, May 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $60.27.

Bread Financial Price Performance

NYSE BFH traded up $0.52 on Friday, reaching $60.40. The company's stock had a trading volume of 353,481 shares, compared to its average volume of 872,549. Bread Financial Holdings, Inc. has a 52 week low of $38.21 and a 52 week high of $66.71. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.81 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.13 and a beta of 1.38. The business has a 50-day moving average price of $52.72 and a 200 day moving average price of $54.34.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.10 by $0.76. The business had revenue of $970.00 million during the quarter, compared to the consensus estimate of $956.17 million. Bread Financial had a return on equity of 12.60% and a net margin of 5.89%. Bread Financial's revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company earned $2.73 EPS. Sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 9th were paid a $0.21 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.39%. Bread Financial's dividend payout ratio is presently 14.92%.

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.