Allianz Asset Management GmbH Has $52.63 Million Stake in Bread Financial Holdings, Inc. $BFH

Allianz Asset Management GmbH increased its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 44.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 943,659 shares of the company’s stock after acquiring an additional 290,803 shares during the quarter. Allianz Asset Management GmbH owned approximately 2.07% of Bread Financial worth $52,628,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Curat Global LLC lifted its holdings in shares of Bread Financial by 81,068.5% in the 2nd quarter. Curat Global LLC now owns 450,485 shares of the company’s stock worth $25,732,000 after purchasing an additional 449,930 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Bread Financial by 241.1% in the second quarter. Bank of America Corp DE now owns 537,656 shares of the company’s stock valued at $30,711,000 after buying an additional 380,039 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Bread Financial by 104.8% during the first quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company’s stock valued at $36,889,000 after buying an additional 376,920 shares during the last quarter. Norges Bank acquired a new stake in shares of Bread Financial in the 2nd quarter worth about $16,599,000. Finally, Franklin Resources Inc. boosted its stake in Bread Financial by 16.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,720,613 shares of the company’s stock valued at $98,281,000 after purchasing an additional 248,401 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

Bread Financial Stock Performance

NYSE:BFH opened at $76.60 on Thursday. The business’s fifty day moving average is $73.63 and its 200 day moving average is $65.82. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 0.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.19 and a current ratio of 1.17. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $82.03.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, January 29th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $1.67. Bread Financial had a return on equity of 17.92% and a net margin of 11.02%.The business had revenue of $975.00 million during the quarter, compared to analyst estimates of $954.74 million. During the same quarter in the previous year, the firm earned $0.41 EPS. Research analysts predict that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial declared that its board has authorized a stock repurchase program on Thursday, October 23rd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 7.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a $0.23 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.92 annualized dividend and a yield of 1.2%. Bread Financial’s dividend payout ratio is currently 8.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and set a $72.00 price target on shares of Bread Financial in a research report on Thursday, December 4th. Evercore ISI raised Bread Financial from an “in-line” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Thursday. The Goldman Sachs Group upgraded Bread Financial from a “sell” rating to a “hold” rating and set a $84.00 price objective on the stock in a research note on Tuesday, January 6th. BTIG Research reissued a “buy” rating and issued a $98.00 target price on shares of Bread Financial in a research report on Friday, January 30th. Finally, Zacks Research lowered Bread Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $80.09.

Bread Financial Profile

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.