Barings LLC acquired a new stake in shares of Banco Bradesco SA (NYSE:BBD – Free Report) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 226,608 shares of the bank’s stock, valued at approximately $827,000.
A number of other large investors also recently bought and sold shares of BBD. Inspire Investing LLC lifted its holdings in Banco Bradesco by 11.4% during the fourth quarter. Inspire Investing LLC now owns 25,331 shares of the bank’s stock worth $84,000 after buying an additional 2,597 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Banco Bradesco by 8.8% in the 2nd quarter. Corient Private Wealth LLC now owns 42,025 shares of the bank’s stock valued at $130,000 after acquiring an additional 3,402 shares during the period. GAMMA Investing LLC increased its holdings in shares of Banco Bradesco by 40.1% in the 4th quarter. GAMMA Investing LLC now owns 12,641 shares of the bank’s stock valued at $42,000 after acquiring an additional 3,619 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Banco Bradesco by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,784 shares of the bank’s stock worth $33,000 after acquiring an additional 3,648 shares in the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in shares of Banco Bradesco by 1.6% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 230,065 shares of the bank’s stock worth $778,000 after acquiring an additional 3,716 shares in the last quarter.
Banco Bradesco Stock Down 1.8%
Shares of Banco Bradesco stock opened at $3.56 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.17. The company has a market cap of $37.67 billion, a P/E ratio of 9.12, a PEG ratio of 0.45 and a beta of 0.53. The firm’s 50 day moving average price is $3.48 and its 200-day moving average price is $3.69. Banco Bradesco SA has a 52-week low of $2.73 and a 52-week high of $4.30.
Banco Bradesco Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 5th will be given a dividend of $0.0037 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. Banco Bradesco’s dividend payout ratio is presently 20.51%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Banco Bradesco in a research report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.
Banco Bradesco Profile
Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.
The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.
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