Bread Financial Holdings, Inc. $BFH Shares Purchased by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Bread Financial Holdings by 33.7%, acquiring an additional 164,540 shares, bringing its total ownership to approximately 652,856 shares valued at around $37.3 million.
• Other institutional investors like Wellington Management Group and Goldman Sachs have also significantly boosted their positions in Bread Financial, reflecting a trend of increasing institutional ownership.
• Analysts have mixed opinions on Bread Financial, with a consensus rating of “Hold” and an average price target of $66.20, while noting recent earnings exceeded expectations despite a slight year-over-year revenue decline.

Allianz Asset Management GmbH boosted its position in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 33.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 652,856 shares of the company's stock after acquiring an additional 164,540 shares during the period. Allianz Asset Management GmbH owned about 1.40% of Bread Financial worth $37,291,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BFH. Wellington Management Group LLP lifted its position in shares of Bread Financial by 45.0% during the 1st quarter. Wellington Management Group LLP now owns 1,320,418 shares of the company's stock worth $66,127,000 after purchasing an additional 409,877 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Bread Financial by 104.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 736,604 shares of the company's stock worth $36,889,000 after purchasing an additional 376,920 shares during the last quarter. Invesco Ltd. boosted its position in shares of Bread Financial by 43.6% during the 1st quarter. Invesco Ltd. now owns 529,049 shares of the company's stock worth $26,495,000 after acquiring an additional 160,580 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Bread Financial by 45.6% in the 1st quarter. Jupiter Asset Management Ltd. now owns 506,168 shares of the company's stock valued at $25,349,000 after acquiring an additional 158,557 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Bread Financial by 424.9% during the 1st quarter. Quantbot Technologies LP now owns 168,303 shares of the company's stock worth $8,429,000 after acquiring an additional 136,239 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John J. Fawcett purchased 1,027 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The stock was purchased at an average cost of $61.79 per share, with a total value of $63,458.33. Following the completion of the acquisition, the director directly owned 10,302 shares in the company, valued at $636,560.58. This trade represents a 11.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Bread Financial in a report on Wednesday, October 8th. BTIG Research set a $105.00 price objective on shares of Bread Financial and gave the stock a "buy" rating in a research report on Monday, July 14th. Wall Street Zen downgraded shares of Bread Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Morgan Stanley boosted their price target on shares of Bread Financial from $51.00 to $53.00 and gave the company an "underweight" rating in a research report on Monday, September 29th. Finally, Barclays decreased their price objective on shares of Bread Financial from $52.00 to $50.00 and set an "underweight" rating for the company in a research note on Monday, October 6th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $66.20.

Bread Financial Trading Up 2.6%

NYSE BFH opened at $59.09 on Friday. The firm's fifty day moving average is $60.94 and its two-hundred day moving average is $56.08. Bread Financial Holdings, Inc. has a one year low of $38.21 and a one year high of $68.01. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $2.76 billion, a PE ratio of 10.00, a P/E/G ratio of 0.53 and a beta of 1.41.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $3.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $1.29. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%.The firm had revenue of $929.00 million for the quarter, compared to analyst estimates of $944.69 million. During the same quarter last year, the company posted $2.66 earnings per share. The business's revenue was down 1.1% on a year-over-year basis. Bread Financial has set its FY 2025 guidance at EPS. Analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial announced that its board has approved a stock buyback program on Wednesday, August 27th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 8th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.4%. Bread Financial's payout ratio is presently 14.21%.

Bread Financial 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.

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