Allspring Global Investments Holdings LLC Has $435,000 Stock Position in Bread Financial Holdings, Inc. (NYSE:BFH)

Allspring Global Investments Holdings LLC grew its position in Bread Financial Holdings, Inc. (NYSE:BFH) by 54.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,689 shares of the company’s stock after buying an additional 3,047 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Bread Financial were worth $435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Bread Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 5,848,495 shares of the company’s stock worth $357,109,000 after purchasing an additional 36,057 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in shares of Bread Financial during the fourth quarter worth approximately $104,000. Hsbc Holdings PLC boosted its holdings in shares of Bread Financial by 1.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,452,509 shares of the company’s stock worth $89,299,000 after purchasing an additional 13,679 shares during the period. American Century Companies Inc. boosted its holdings in shares of Bread Financial by 6.8% during the fourth quarter. American Century Companies Inc. now owns 1,382,135 shares of the company’s stock worth $84,393,000 after purchasing an additional 88,081 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Bread Financial by 10.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,241,566 shares of the company’s stock worth $75,810,000 after purchasing an additional 120,237 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on BFH. The Goldman Sachs Group decreased their price target on shares of Bread Financial from $68.00 to $58.00 and set a “sell” rating for the company in a report on Tuesday, March 18th. Jefferies Financial Group raised their price target on shares of Bread Financial from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, April 24th. JMP Securities reiterated a “market perform” rating on shares of Bread Financial in a research note on Monday, April 28th. Morgan Stanley lifted their target price on shares of Bread Financial from $36.00 to $39.00 and gave the company an “underweight” rating in a research note on Monday, May 12th. Finally, Barclays reiterated an “underweight” rating and issued a $52.00 target price (up from $45.00) on shares of Bread Financial in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $60.18.

Bread Financial Price Performance

Shares of Bread Financial stock opened at $62.54 on Friday. The firm has a fifty day simple moving average of $53.73 and a 200-day simple moving average of $54.31. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.42. Bread Financial Holdings, Inc. has a 1-year low of $38.21 and a 1-year high of $66.71. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.15 and a beta of 1.38.

Bread Financial (NYSE:BFH) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.76. Bread Financial had a net margin of 5.89% and a return on equity of 12.60%. The business had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $956.17 million. During the same period in the previous year, the company earned $2.73 earnings per share. Bread Financial’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, sell-side analysts expect that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 9th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, May 9th. Bread Financial’s dividend payout ratio (DPR) is currently 14.92%.

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.