Allianz Asset Management GmbH Raises Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Allianz Asset Management GmbH raised its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 44.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 474,660 shares of the company’s stock after purchasing an additional 146,244 shares during the period. Allianz Asset Management GmbH owned approximately 0.95% of Bread Financial worth $28,983,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BFH. Jacobs Levy Equity Management Inc. boosted its stake in Bread Financial by 30.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,121,329 shares of the company’s stock valued at $53,353,000 after purchasing an additional 260,283 shares during the last quarter. Pzena Investment Management LLC boosted its stake in Bread Financial by 38.2% during the 3rd quarter. Pzena Investment Management LLC now owns 880,827 shares of the company’s stock valued at $41,910,000 after purchasing an additional 243,419 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Bread Financial during the 3rd quarter valued at $6,001,000. Point72 Hong Kong Ltd purchased a new stake in Bread Financial during the 3rd quarter valued at $4,276,000. Finally, Intech Investment Management LLC purchased a new position in shares of Bread Financial in the 3rd quarter worth $3,550,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Bread Financial Stock Performance

Bread Financial stock opened at $56.87 on Monday. The company has a 50 day moving average price of $61.80 and a 200-day moving average price of $56.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.15. Bread Financial Holdings, Inc. has a fifty-two week low of $32.10 and a fifty-two week high of $66.71. The company has a market capitalization of $2.79 billion, a PE ratio of 10.25, a P/E/G ratio of 1.31 and a beta of 1.93.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. As a group, equities analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, February 14th. Bread Financial’s dividend payout ratio is presently 15.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BFH shares. TD Cowen raised their price target on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods raised their price target on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. The Goldman Sachs Group raised their price target on Bread Financial from $52.00 to $58.00 and gave the stock a “sell” rating in a research note on Tuesday, November 19th. Morgan Stanley upgraded Bread Financial from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $35.00 to $76.00 in a research note on Thursday, December 19th. Finally, Compass Point raised their price target on Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Bread Financial currently has an average rating of “Hold” and an average price target of $59.69.

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.