New York State Teachers Retirement System Reduces Position in Bread Financial Holdings, Inc. $BFH

New York State Teachers Retirement System decreased its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 13.8% during the 1st quarter, HoldingsChannel reports. The fund owned 51,395 shares of the company’s stock after selling 8,229 shares during the quarter. New York State Teachers Retirement System’s holdings in Bread Financial were worth $3,849,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BFH. Franklin Resources Inc. raised its position in shares of Bread Financial by 17.3% in the 4th quarter. Franklin Resources Inc. now owns 2,029,894 shares of the company’s stock valued at $150,273,000 after purchasing an additional 299,439 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Bread Financial by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,159,731 shares of the company’s stock worth $85,866,000 after buying an additional 14,257 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Bread Financial by 21.6% during the fourth quarter. Allianz Asset Management GmbH now owns 1,147,366 shares of the company’s stock worth $84,940,000 after buying an additional 203,707 shares in the last quarter. Morgan Stanley increased its stake in shares of Bread Financial by 31.1% in the fourth quarter. Morgan Stanley now owns 910,301 shares of the company’s stock worth $67,390,000 after buying an additional 215,795 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Bread Financial by 9.8% in the fourth quarter. Hsbc Holdings PLC now owns 880,116 shares of the company’s stock worth $65,383,000 after buying an additional 78,229 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

More Bread Financial News

Here are the key news stories impacting Bread Financial this week:

• Positive Sentiment: UBS raised its price target on Bread Financial to $120 from $94 and reiterated a buy rating, signaling meaningful upside potential. UBS raises BFH price target to $120
• Positive Sentiment: Goldman Sachs increased its price target to $108 from $94 while keeping a neutral rating, suggesting analysts see improved value in the stock. Goldman Sachs raises BFH price target to $108
• Positive Sentiment: Barclays upgraded Bread Financial from underweight to equal weight and lifted its target to $104 from $70, a sharp reset higher in expectations. Barclays upgrades BFH
• Neutral Sentiment: TD Cowen raised its target to $103 from $95 but kept a hold rating, indicating limited near-term conviction despite improved valuation. TD Cowen raises BFH target to $103
• Neutral Sentiment: Bread Financial scheduled its second-quarter 2026 earnings conference call for July 23, keeping investors focused on upcoming results rather than providing a direct catalyst yet. BFH schedules Q2 2026 earnings call
• Negative Sentiment: Zacks Research cut Bread Financial from strong-buy to hold, which may have slightly offset some of the more bullish analyst actions. Zacks downgrades BFH

Analyst Upgrades and Downgrades

A number of research firms have commented on BFH. Barclays upgraded shares of Bread Financial from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $70.00 to $104.00 in a research note on Tuesday. Loop Capital began coverage on shares of Bread Financial in a research report on Thursday, May 21st. They set a “buy” rating and a $104.00 price target on the stock. Bank of America restated a “buy” rating and set a $108.00 price objective on shares of Bread Financial in a research note on Wednesday, June 10th. Royal Bank Of Canada increased their target price on Bread Financial from $105.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, June 12th. Finally, Wall Street Zen raised Bread Financial from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Bread Financial has an average rating of “Hold” and an average price target of $107.92.

Bread Financial Trading Down 8.4%

Shares of NYSE:BFH opened at $93.77 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $94.04 and its 200 day moving average price is $82.21. The company has a market cap of $3.79 billion, a PE ratio of 7.68, a P/E/G ratio of 0.91 and a beta of 1.10. Bread Financial Holdings, Inc. has a fifty-two week low of $53.83 and a fifty-two week high of $109.91.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, April 23rd. The company reported $4.18 EPS for the quarter, topping the consensus estimate of $3.00 by $1.18. Bread Financial had a net margin of 11.90% and a return on equity of 18.79%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $992.05 million. During the same quarter in the prior year, the firm earned $2.86 EPS. Bread Financial’s quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 10.89 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.23 per share. The ex-dividend date was Friday, May 29th. This represents a $0.92 annualized dividend and a dividend yield of 1.0%. Bread Financial’s payout ratio is currently 7.53%.

Insider Buying and Selling

In related news, CEO Ralph J. Andretta sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $89.10, for a total value of $1,336,500.00. Following the sale, the chief executive officer directly owned 582,241 shares in the company, valued at $51,877,673.10. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John J. Fawcett bought 698 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were acquired at an average cost of $86.43 per share, for a total transaction of $60,328.14. Following the purchase, the director directly owned 11,000 shares in the company, valued at $950,730. This represents a 6.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.30% of the company’s stock.

About Bread Financial

Bread Financial, formerly known as Alliance Data Systems, is a Columbus, Ohio–based financial services company that specializes in providing private label credit programs, co-brand credit cards and digital payment solutions for retail partners. The company designs, issues and services proprietary credit products, enabling merchants to offer branded financing options that drive customer loyalty and increase basket sizes at the point of sale. Through its Bread technology platform, Bread Financial delivers installment-based payment options that integrate directly into e-commerce and in-store checkout experiences.

In addition to its core credit offerings, Bread Financial provides analytics, marketing and loyalty services to help merchants better understand consumer behavior and optimize promotional strategies.