Teacher Retirement System of Texas Makes New Investment in Bread Financial Holdings, Inc. (NYSE:BFH)

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

Several other institutional investors have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Bread Financial by 11.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,050 shares of the company's stock worth $797,000 after purchasing an additional 1,379 shares in the last quarter. HighTower Advisors LLC increased its holdings in Bread Financial by 45.4% during the 4th quarter. HighTower Advisors LLC now owns 8,308 shares of the company's stock valued at $507,000 after acquiring an additional 2,596 shares in the last quarter. Swiss National Bank grew its stake in Bread Financial by 0.9% in the 4th quarter. Swiss National Bank now owns 97,723 shares of the company's stock worth $5,967,000 after acquiring an additional 900 shares during the period. Natixis Advisors LLC boosted its position in shares of Bread Financial by 8.9% in the fourth quarter. Natixis Advisors LLC now owns 14,620 shares of the company's stock worth $893,000 after acquiring an additional 1,199 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in shares of Bread Financial during the 4th quarter worth $237,000. Institutional investors own 99.52% of the company's stock.

Bread Financial Stock Up 3.1%

Shares of NYSE BFH traded up $1.90 during mid-day trading on Tuesday, reaching $62.98. The company had a trading volume of 995,568 shares, compared to its average volume of 869,793. 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 stock has a market cap of $2.93 billion, a P/E ratio of 11.19, a PEG ratio of 1.14 and a beta of 1.38. The firm has a 50 day simple moving average of $55.31 and a two-hundred day simple moving average of $54.17.

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

Bread Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 9th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Friday, May 9th. Bread Financial's payout ratio is currently 14.92%.

Analyst Ratings Changes

Several research firms have weighed in on BFH. JMP Securities reiterated a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Morgan Stanley upped their target price on Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. BTIG Research set a $105.00 price objective on Bread Financial and gave the stock a "buy" rating in a report on Monday, July 14th. Jefferies Financial Group raised their price target on shares of Bread Financial from $45.00 to $50.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Barclays reissued an "underweight" rating and set a $52.00 target price (up previously from $45.00) on shares of Bread Financial in a research note on Tuesday, July 8th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.