Natixis Advisors LLC raised its position in Banco Bradesco SA (NYSE:BBD – Free Report) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,422,826 shares of the bank’s stock after purchasing an additional 1,004,679 shares during the quarter. Natixis Advisors LLC’s holdings in Banco Bradesco were worth $51,358,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of BBD. EverSource Wealth Advisors LLC increased its stake in Banco Bradesco by 100.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock valued at $27,000 after buying an additional 4,353 shares during the period. Brooklyn Investment Group lifted its position in shares of Banco Bradesco by 1,276.5% during the 3rd quarter. Brooklyn Investment Group now owns 10,613 shares of the bank’s stock valued at $36,000 after acquiring an additional 9,842 shares during the last quarter. Checchi Capital Advisers LLC purchased a new stake in shares of Banco Bradesco during the fourth quarter valued at $39,000. Ballentine Partners LLC purchased a new stake in Banco Bradesco during the fourth quarter valued at about $41,000. Finally, GAMMA Investing LLC lifted its position 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 in the last quarter.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Weiss Ratings upgraded Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th. Itau BBA Securities reissued an “outperform” rating on shares of Banco Bradesco in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Banco Bradesco Price Performance
NYSE:BBD opened at $3.40 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16. The company has a fifty day moving average price of $3.73 and a 200 day moving average price of $3.70. Banco Bradesco SA has a one year low of $2.73 and a one year high of $4.30. The stock has a market cap of $35.98 billion, a P/E ratio of 8.71, a PEG ratio of 0.43 and a beta of 0.53.
Banco Bradesco (NYSE:BBD – Get Free Report) last released its earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share for the quarter. The business had revenue of $1.50 billion for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 9.24%. Analysts anticipate that Banco Bradesco SA will post 0.5 earnings per share for the current year.
Banco Bradesco Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be paid a $0.0039 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a yield of 1.4%. Banco Bradesco’s payout ratio is presently 7.69%.
Banco Bradesco Company 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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