State of New Jersey Common Pension Fund D Acquires New Shares in Bread Financial Holdings, Inc. (NYSE:BFH)

State of New Jersey Common Pension Fund D bought a new position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 35,232 shares of the company's stock, valued at approximately $1,676,000. State of New Jersey Common Pension Fund D owned about 0.07% of Bread Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in Bread Financial by 33.5% during the third quarter. GAMMA Investing LLC now owns 1,035 shares of the company's stock valued at $49,000 after purchasing an additional 260 shares during the last quarter. CWM LLC raised its stake in Bread Financial by 47.5% in the 2nd quarter. CWM LLC now owns 1,708 shares of the company's stock worth $76,000 after purchasing an additional 550 shares in the last quarter. Point72 DIFC Ltd boosted its stake in shares of Bread Financial by 30.0% in the second quarter. Point72 DIFC Ltd now owns 1,721 shares of the company's stock valued at $77,000 after buying an additional 397 shares during the period. National Bank of Canada FI grew its holdings in shares of Bread Financial by 70.3% during the 2nd quarter. National Bank of Canada FI now owns 1,938 shares of the company's stock worth $88,000 after purchasing an additional 800 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in Bread Financial by 164.0% in the 2nd quarter. Headlands Technologies LLC now owns 2,355 shares of the company's stock valued at $105,000 after buying an additional 1,463 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

Insider Buying and Selling at Bread Financial

In other news, Director John J. Fawcett bought 1,000 shares of Bread Financial stock in a transaction on Monday, October 28th. The shares were purchased at an average price of $51.02 per share, for a total transaction of $51,020.00. Following the acquisition, the director now owns 6,473 shares of the company's stock, valued at approximately $330,252.46. The trade was a 18.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.62% of the company's stock.

Analyst Upgrades and Downgrades

BFH has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of Bread Financial from $47.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Friday, July 26th. Barclays lowered their price objective on shares of Bread Financial from $35.00 to $34.00 and set an "underweight" rating for the company in a research note on Friday, October 25th. Evercore ISI lifted their price target on shares of Bread Financial from $52.00 to $54.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. TD Cowen raised their target price on Bread Financial from $48.00 to $50.00 and gave the company a "hold" rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group increased their price objective on shares of Bread Financial from $52.00 to $58.00 and gave the company a "sell" rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Bread Financial has an average rating of "Hold" and a consensus target price of $50.00.

Bread Financial Price Performance

NYSE BFH traded down $0.26 during trading hours on Tuesday, hitting $57.41. The company had a trading volume of 243,041 shares, compared to its average volume of 849,114. The firm has a 50 day simple moving average of $51.25 and a 200 day simple moving average of $48.41. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 9.18 and a beta of 1.94. Bread Financial Holdings, Inc. has a 52 week low of $26.58 and a 52 week high of $63.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19.

Bread Financial (NYSE:BFH - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.03). Bread Financial had a net margin of 6.37% and a return on equity of 13.33%. The firm had revenue of $983.00 million during the quarter, compared to the consensus estimate of $981.26 million. During the same period in the previous year, the business earned $3.46 earnings per share. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts expect that Bread Financial Holdings, Inc. will post 7.63 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, November 8th. Bread Financial's dividend payout ratio is presently 13.38%.

About Bread Financial

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.