Allianz Asset Management GmbH Acquires 146,244 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Allianz Asset Management GmbH increased its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 44.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 474,660 shares of the company’s stock after buying an additional 146,244 shares during the period. Allianz Asset Management GmbH’s holdings in Bread Financial were worth $28,983,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. CIBC Asset Management Inc raised its stake in Bread Financial by 4.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,872 shares of the company’s stock worth $297,000 after buying an additional 206 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in Bread Financial by 6.2% in the third quarter. Pallas Capital Advisors LLC now owns 4,778 shares of the company’s stock worth $239,000 after buying an additional 278 shares in the last quarter. Savant Capital LLC raised its stake in Bread Financial by 5.8% in the fourth quarter. Savant Capital LLC now owns 5,329 shares of the company’s stock worth $325,000 after buying an additional 290 shares in the last quarter. Highland Capital Management LLC increased its position in shares of Bread Financial by 6.5% during the fourth quarter. Highland Capital Management LLC now owns 5,734 shares of the company’s stock worth $350,000 after purchasing an additional 350 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Bread Financial by 2.8% during the third quarter. Natixis Advisors LLC now owns 13,421 shares of the company’s stock worth $639,000 after purchasing an additional 369 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Bread Financial Price Performance

NYSE:BFH opened at $56.87 on Monday. Bread Financial Holdings, Inc. has a one year low of $32.10 and a one year high of $66.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.15. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 1.31 and a beta of 1.93. The firm’s fifty day moving average is $61.80 and its two-hundred day moving average is $56.87.

Bread Financial (NYSE:BFH) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.41 EPS 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%. Research analysts expect that Bread Financial Holdings, Inc. will post 6.45 EPS for the current year.

Bread Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley raised Bread Financial from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $35.00 to $76.00 in a research report on Thursday, December 19th. TD Cowen upped their price target on Bread Financial from $48.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Compass Point upped their price target on Bread Financial from $75.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Evercore ISI upped their price target on Bread Financial from $52.00 to $54.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods upped their price target on Bread Financial from $67.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.