Nykredit A S acquired a new stake in Banco Bradesco SA (NYSE:BBD – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,082,280 shares of the bank’s stock, valued at approximately $3,756,000.
Other institutional investors have also modified their holdings of the company. Inspire Investing LLC boosted its holdings in shares of Banco Bradesco by 11.4% in the fourth quarter. Inspire Investing LLC now owns 25,331 shares of the bank’s stock valued at $84,000 after purchasing an additional 2,597 shares during the period. Compound Planning Inc. grew its stake in Banco Bradesco by 2.1% in the first quarter. Compound Planning Inc. now owns 158,680 shares of the bank’s stock worth $579,000 after purchasing an additional 3,247 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Banco Bradesco by 8.8% during the 2nd quarter. Corient Private Wealth LLC now owns 42,025 shares of the bank’s stock worth $130,000 after purchasing an additional 3,402 shares during the period. Cetera Investment Advisers increased its holdings in Banco Bradesco by 16.7% during the 1st quarter. Cetera Investment Advisers now owns 24,543 shares of the bank’s stock worth $90,000 after purchasing an additional 3,519 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Banco Bradesco by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,784 shares of the bank’s stock valued at $33,000 after purchasing an additional 3,648 shares in the last quarter.
Banco Bradesco Stock Performance
NYSE:BBD opened at $3.47 on Monday. The firm has a 50-day simple moving average of $3.42 and a 200-day simple moving average of $3.60. Banco Bradesco SA has a one year low of $2.98 and a one year high of $4.30. The firm has a market cap of $36.77 billion, a P/E ratio of 8.26, a P/E/G ratio of 0.42 and a beta of 0.52. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.48 and a current ratio of 1.48.
Banco Bradesco Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 3rd will be issued a $0.0037 dividend. The ex-dividend date is Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is 7.14%.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Banco Bradesco presently has an average rating of “Moderate Buy”.
View Our Latest Analysis on BBD
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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