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

Allianz Asset Management GmbH raised its position in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 2.9% during the 1st quarter, according to its most recent disclosure 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 about 1.05% of Bread Financial worth $24,455,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Pzena Investment Management LLC grew its holdings in Bread Financial by 0.8% in the first quarter. Pzena Investment Management LLC now owns 728,204 shares of the company's stock valued at $36,468,000 after purchasing an additional 6,065 shares during the last quarter. Victory Capital Management Inc. increased its position in Bread Financial by 42.8% during the 1st quarter. Victory Capital Management Inc. now owns 93,207 shares of the company's stock worth $4,668,000 after purchasing an additional 27,919 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Bread Financial by 70.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 44,364 shares of the company's stock worth $2,222,000 after purchasing an additional 18,266 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Bread Financial by 15.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,816 shares of the company's stock worth $542,000 after purchasing an additional 1,412 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Bread Financial by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 244,503 shares of the company's stock worth $12,245,000 after purchasing an additional 3,416 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Bread Financial Stock Up 0.9%

Shares of NYSE:BFH traded up $0.56 during mid-day trading on Monday, hitting $63.83. 112,716 shares of the company traded hands, compared to its average volume of 854,496. The firm has a market cap of $2.97 billion, a P/E ratio of 10.80, a PEG ratio of 1.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.18. Bread Financial Holdings, Inc. has a 52-week low of $38.21 and a 52-week high of $66.71. The firm's 50 day simple moving average is $55.95 and its 200 day simple moving average is $54.26.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $3.14 EPS for the quarter, beating the consensus estimate of $1.85 by $1.29. Bread Financial had a return on equity of 13.10% and a net margin of 6.05%. The business had revenue of $929.00 million for the quarter, compared to the consensus estimate of $944.69 million. During the same period last year, the business posted $2.66 EPS. The company's revenue was down 1.1% on a year-over-year basis. On average, equities analysts anticipate that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.84 annualized dividend and a yield of 1.32%. Bread Financial's dividend payout ratio is presently 14.21%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on Bread Financial from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research report on Friday. Barclays reissued an "underweight" rating and issued a $52.00 price target (up 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 Bread Financial and gave the stock a "buy" rating in a research note on Monday, July 14th. Jefferies Financial Group lifted their price objective on Bread Financial from $45.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, Morgan Stanley lifted their price objective on Bread Financial from $36.00 to $39.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Bread Financial has an average rating of "Hold" and a consensus target price of $64.42.

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.