Allianz Asset Management GmbH Has $84.94 Million Stock Holdings in Bread Financial Holdings, Inc. $BFH

Allianz Asset Management GmbH grew its holdings in Bread Financial Holdings, Inc. (NYSE:BFH) by 21.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,147,366 shares of the company’s stock after buying an additional 203,707 shares during the quarter. Allianz Asset Management GmbH’s holdings in Bread Financial were worth $84,940,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in Bread Financial in the fourth quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Bread Financial by 141.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the company’s stock valued at $31,000 after acquiring an additional 329 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Bread Financial by 127.2% in the second quarter. EverSource Wealth Advisors LLC now owns 711 shares of the company’s stock valued at $41,000 after acquiring an additional 398 shares during the last quarter. First Horizon Corp bought a new position in Bread Financial in the fourth quarter valued at about $56,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Bread Financial by 8,300.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 840 shares of the company’s stock valued at $47,000 after acquiring an additional 830 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BFH has been the topic of several recent research reports. Weiss Ratings upgraded Bread Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. TD Cowen raised their price target on Bread Financial from $80.00 to $95.00 and gave the company a “hold” rating in a report on Friday, April 24th. Wolfe Research reiterated a “positive” rating on shares of Bread Financial in a report on Wednesday. Barclays raised their price target on Bread Financial from $67.00 to $70.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Finally, Morgan Stanley set a $98.00 target price on Bread Financial in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.58.

Insider Activity at Bread Financial

In related news, Director Roger H. Ballou sold 9,687 shares of Bread Financial stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $90.32, for a total value of $874,929.84. Following the sale, the director owned 30,079 shares of the company’s stock, valued at approximately $2,716,735.28. This trade represents a 24.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ralph J. Andretta sold 15,000 shares of Bread Financial stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $89.10, for a total value of $1,336,500.00. Following the completion of the sale, the chief executive officer directly owned 582,241 shares in the company, valued at approximately $51,877,673.10. This represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is owned by insiders.

Bread Financial Trading Up 2.5%

NYSE:BFH opened at $96.61 on Thursday. Bread Financial Holdings, Inc. has a fifty-two week low of $50.63 and a fifty-two week high of $99.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $3.90 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12. The business’s 50-day simple moving average is $85.67 and its 200-day simple moving average is $77.70.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, April 23rd. The company reported $4.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $1.18. Bread Financial had a return on equity of 18.79% and a net margin of 11.90%.The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $992.05 million. During the same quarter last year, the firm earned $2.86 EPS. Bread Financial’s revenue for the quarter was up 4.9% compared to the same quarter last year. Sell-side analysts expect that Bread Financial Holdings, Inc. will post 10.59 earnings per share for the current fiscal year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Bread Financial’s dividend payout ratio (DPR) is currently 7.53%.

Bread Financial declared that its board has authorized a stock buyback program on Thursday, February 26th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 19% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.