Principal Financial Group Inc. Purchases 6,888 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Principal Financial Group Inc. increased its stake in Bread Financial Holdings, Inc. (NYSE:BFH - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 241,087 shares of the company's stock after purchasing an additional 6,888 shares during the quarter. Principal Financial Group Inc. owned approximately 0.48% of Bread Financial worth $14,721,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Bread Financial by 64.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,631 shares of the company's stock valued at $125,000 after acquiring an additional 1,033 shares during the period. KBC Group NV boosted its stake in Bread Financial by 36.1% during the 4th quarter. KBC Group NV now owns 2,103 shares of the company's stock valued at $128,000 after purchasing an additional 558 shares during the period. Choreo LLC bought a new position in Bread Financial in the 4th quarter worth approximately $201,000. Diversified Trust Co acquired a new position in shares of Bread Financial during the fourth quarter worth approximately $209,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Bread Financial in the fourth quarter valued at approximately $213,000. Institutional investors own 99.52% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BFH. Compass Point upped their target price on shares of Bread Financial from $75.00 to $87.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Royal Bank of Canada upped their price objective on shares of Bread Financial from $62.00 to $68.00 and gave the company a "sector perform" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods increased their target price on shares of Bread Financial from $67.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. JMP Securities restated a "market perform" rating on shares of Bread Financial in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group raised their price objective on Bread Financial from $52.00 to $58.00 and gave the stock a "sell" rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $59.69.

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Bread Financial Price Performance

NYSE:BFH traded up $0.35 during trading hours on Friday, reaching $53.99. The company had a trading volume of 796,719 shares, compared to its average volume of 665,072. The firm has a market capitalization of $2.65 billion, a PE ratio of 9.73, a PEG ratio of 1.25 and a beta of 1.93. The stock has a 50-day moving average of $60.90 and a two-hundred day moving average of $56.97. Bread Financial Holdings, Inc. has a one year low of $32.10 and a one year high of $66.71. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.33.

Bread Financial (NYSE:BFH - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Bread Financial had a net margin of 5.75% and a return on equity of 12.41%. Analysts forecast that Bread Financial Holdings, Inc. will post 6.45 earnings per share for the current year.

Bread Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, February 14th. Bread Financial's dividend payout ratio (DPR) is currently 15.14%.

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.