Bread Financial Holdings, Inc. (NYSE:BFH) Stock Position Boosted by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its stake in shares of Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 488,316 shares of the company's stock after purchasing an additional 13,656 shares during the period. Allianz Asset Management GmbH owned 1.05% of Bread Financial worth $24,455,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Curat Global LLC purchased a new stake in Bread Financial during the first quarter worth approximately $28,000. Pinnacle Holdings LLC purchased a new stake in Bread Financial during the fourth quarter worth approximately $46,000. Versant Capital Management Inc grew its stake in Bread Financial by 182.8% during the first quarter. Versant Capital Management Inc now owns 1,298 shares of the company's stock worth $65,000 after buying an additional 839 shares during the period. GAMMA Investing LLC grew its stake in Bread Financial by 28.0% during the first quarter. GAMMA Investing LLC now owns 1,457 shares of the company's stock worth $73,000 after buying an additional 319 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Bread Financial during the fourth quarter worth approximately $200,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on BFH. Royal Bank Of Canada lifted their price target on shares of Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research note on Friday. Morgan Stanley lifted their price target on shares of Bread Financial from $36.00 to $39.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. Barclays reaffirmed an "underweight" rating and set a $52.00 price target (up previously from $45.00) on shares of Bread Financial in a research note on Tuesday, July 8th. BTIG Research set a $105.00 price target on shares of Bread Financial and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Bread Financial in a research note on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Bread Financial currently has an average rating of "Hold" and an average target price of $64.42.

Bread Financial Stock Performance

Shares of NYSE:BFH traded up $2.32 on Friday, reaching $63.32. 1,085,395 shares of the company's stock were exchanged, compared to its average volume of 647,762. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.14 and a beta of 1.38. Bread Financial Holdings, Inc. has a fifty-two week low of $38.21 and a fifty-two week high of $66.71. The business's 50-day moving average is $55.95 and its two-hundred day moving average is $54.33. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 0.36.

Bread Financial (NYSE:BFH - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $3.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $1.29. Bread Financial had a net margin of 6.05% and a return on equity of 13.10%. The business had revenue of $929.00 million for the quarter, compared to analysts' expectations of $944.69 million. During the same quarter last year, the company earned $2.66 EPS. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities research analysts forecast that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.33%. Bread Financial's dividend payout ratio (DPR) 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.