Ameriprise Financial Inc. decreased its position in Banco Bradesco SA (NYSE:BBD) by 18.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,118 shares of the bank’s stock after selling 14,203 shares during the period. Ameriprise Financial Inc.’s holdings in Banco Bradesco SA were worth $658,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Federated Investors Inc. PA increased its stake in Banco Bradesco SA by 50.5% in the fourth quarter. Federated Investors Inc. PA now owns 34,292 shares of the bank’s stock worth $299,000 after buying an additional 11,500 shares during the period. Envestnet Asset Management Inc. increased its stake in Banco Bradesco SA by 35.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 43,695 shares of the bank’s stock worth $381,000 after buying an additional 11,380 shares during the last quarter. Quadrature Capital Ltd increased its stake in Banco Bradesco SA by 129.9% in the fourth quarter. Quadrature Capital Ltd now owns 827,130 shares of the bank’s stock worth $7,208,000 after buying an additional 467,311 shares during the last quarter. USA Financial Portformulas Corp increased its stake in Banco Bradesco SA by 11.8% in the fourth quarter. USA Financial Portformulas Corp now owns 134,276 shares of the bank’s stock worth $1,170,000 after buying an additional 14,149 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in Banco Bradesco SA during the fourth quarter worth $602,000. 2.73% of the stock is currently owned by institutional investors and hedge funds.
Banco Bradesco SA (NYSE:BBD) opened at 9.39 on Friday. Banco Bradesco SA has a 1-year low of $7.15 and a 1-year high of $10.37. The stock has a 50 day moving average of $8.50 and a 200-day moving average of $9.08. The company has a market cap of $57.14 billion, a PE ratio of 10.26 and a beta of 1.76.
Banco Bradesco SA (NYSE:BBD) last posted its quarterly earnings results on Thursday, April 27th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The business had revenue of $13.25 billion for the quarter. Banco Bradesco SA had a net margin of 9.08% and a return on equity of 17.32%. On average, equities research analysts predict that Banco Bradesco SA will post $0.93 earnings per share for the current year.
The business also recently disclosed a special dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 4th will be paid a $0.0058 dividend. This represents a yield of 7.47%. The ex-dividend date of this dividend is Wednesday, August 2nd. Banco Bradesco SA’s payout ratio is 76.87%.
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BBD has been the topic of a number of recent research reports. Zacks Investment Research raised Banco Bradesco SA from a “sell” rating to a “hold” rating in a report on Thursday, March 30th. Scotiabank raised Banco Bradesco SA from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 11th. ValuEngine raised Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded Banco Bradesco SA from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Banco Bradesco SA presently has an average rating of “Buy” and an average price target of $10.65.
Banco Bradesco SA Company Profile
Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
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