7,268 Shares in Bread Financial Holdings, Inc. (NYSE:BFH) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,268 shares of the company's stock, valued at approximately $364,000.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Bread Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 5,848,495 shares of the company's stock worth $357,109,000 after purchasing an additional 36,057 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in shares of Bread Financial during the 4th quarter worth about $104,000. Hsbc Holdings PLC grew its position in shares of Bread Financial by 1.0% during the 4th quarter. Hsbc Holdings PLC now owns 1,452,509 shares of the company's stock worth $89,299,000 after buying an additional 13,679 shares during the period. American Century Companies Inc. increased its stake in shares of Bread Financial by 6.8% in the 4th quarter. American Century Companies Inc. now owns 1,382,135 shares of the company's stock valued at $84,393,000 after acquiring an additional 88,081 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Bread Financial by 10.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,241,566 shares of the company's stock valued at $75,810,000 after acquiring an additional 120,237 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Bread Financial Price Performance

Shares of NYSE:BFH traded down $1.10 during midday trading on Friday, hitting $61.20. The stock had a trading volume of 480,128 shares, compared to its average volume of 869,556. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.85 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 1.14 and a beta of 1.38. The company's 50-day moving average price is $55.17 and its 200-day moving average price is $54.22. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week high of $66.71.

Bread Financial (NYSE:BFH - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.10 by $0.76. Bread Financial had a net margin of 5.89% and a return on equity of 12.60%. The firm had revenue of $970.00 million for the quarter, compared to analysts' expectations of $956.17 million. During the same quarter in the previous year, the firm posted $2.73 earnings per share. The company's revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current fiscal year.

Bread Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 9th were given a dividend of $0.21 per share. The ex-dividend date was Friday, May 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.37%. Bread Financial's dividend payout ratio (DPR) is 14.92%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BFH shares. Morgan Stanley lifted their target price on Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. Jefferies Financial Group boosted their price objective on Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. JMP Securities reissued a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Bread Financial in a research note on Monday, July 14th. Finally, BTIG Research set a $105.00 price objective on shares of Bread Financial and gave the company a "buy" rating in a research report on Monday, July 14th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Bread Financial has a consensus rating of "Hold" and an average target price of $63.92.

Bread Financial Company 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.