Public Employees Retirement System of Ohio Makes New $1.55 Million Investment in Bread Financial Holdings, Inc. (NYSE:BFH) (2024)

Posted by Defense World Staff on Aug 5th, 2024

Public Employees Retirement System of Ohio bought 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 filing with the SEC. The fund bought 41,503 shares of the company’s stock, valued at approximately $1,546,000. Public Employees Retirement System of Ohio owned about 0.08% of Bread Financial as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in Bread Financial in the first quarter valued at about $33,000. National Bank of Canada FI grew its holdings in Bread Financial by 1,280.6% during the fourth quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock valued at $80,000 after purchasing an additional 2,241 shares during the period. Pinnacle Holdings LLC bought a new stake in Bread Financial in the fourth quarter valued at approximately $83,000. Allspring Global Investments Holdings LLC raised its holdings in Bread Financial by 19.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock worth $124,000 after purchasing an additional 603 shares during the period. Finally, Quest Partners LLC bought a new position in shares of Bread Financial during the fourth quarter worth $145,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Bread Financial Trading Down 8.7 %

NYSE BFH opened at $46.36 on Monday. Bread Financial Holdings, Inc. has a 12 month low of $26.08 and a 12 month high of $55.68. The company has a current ratio of 1.19, a quick ratio of 1.18 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average of $45.41 and a 200-day moving average of $39.93. The company has a market cap of $2.30 billion, a PE ratio of 5.84, a PEG ratio of 0.18 and a beta of 1.98.

Bread Financial (NYSE:BFH – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $1.06. Bread Financial had a net margin of 9.77% and a return on equity of 16.24%. The company had revenue of $939.00 million during the quarter, compared to the consensus estimate of $922.01 million. During the same quarter last year, the firm posted $1.27 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Bread Financial Holdings, Inc. will post 7.04 EPS for the current fiscal year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 9th will be paid a $0.21 dividend. The ex-dividend date is Friday, August 9th. This represents a $0.84 annualized dividend and a yield of 1.81%. Bread Financial’s dividend payout ratio is 10.58%.

Analysts Set New Price Targets

Several analysts recently commented on BFH shares. JPMorgan Chase & Co. raised their price objective on Bread Financial from $39.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group lifted their price objective on Bread Financial from $40.00 to $53.00 and gave the company a “sell” rating in a report on Monday, July 29th. Compass Point increased their target price on Bread Financial from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada lifted their price target on shares of Bread Financial from $47.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Finally, BTIG Research began coverage on shares of Bread Financial in a research report on Friday, June 7th. They set a “neutral” rating for the company. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Bread Financial has a consensus rating of “Hold” and an average target price of $46.93.

View Our Latest Analysis on BFH

Bread Financial Company Profile

(Free Report)

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.