Yorktown Management & Research Co Inc Acquires Shares of 24,000 Banco Bradesco SA (BBD)

Yorktown Management & Research Co Inc acquired a new stake in Banco Bradesco SA (NYSE:BBD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 24,000 shares of the bank’s stock, valued at approximately $266,000.

Several other large investors have also modified their holdings of BBD. Aberdeen Asset Management PLC UK grew its position in shares of Banco Bradesco SA by 20.1% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 180,676,024 shares of the bank’s stock worth $1,535,746,000 after buying an additional 30,239,397 shares during the period. Fisher Asset Management LLC grew its position in shares of Banco Bradesco SA by 71.6% during the 3rd quarter. Fisher Asset Management LLC now owns 23,029,399 shares of the bank’s stock worth $254,935,000 after buying an additional 9,611,759 shares during the period. Franklin Resources Inc. grew its position in shares of Banco Bradesco SA by 35.8% during the 2nd quarter. Franklin Resources Inc. now owns 25,959,687 shares of the bank’s stock worth $220,639,000 after buying an additional 6,842,060 shares during the period. Vanguard Group Inc. grew its position in shares of Banco Bradesco SA by 17.8% during the 2nd quarter. Vanguard Group Inc. now owns 38,651,585 shares of the bank’s stock worth $328,538,000 after buying an additional 5,844,907 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Banco Bradesco SA by 60.1% during the 2nd quarter. Royal Bank of Canada now owns 14,951,070 shares of the bank’s stock worth $127,084,000 after buying an additional 5,613,914 shares during the period. Institutional investors own 2.90% of the company’s stock.

Banco Bradesco SA (NYSE:BBD) opened at $10.49 on Friday. Banco Bradesco SA has a one year low of $7.15 and a one year high of $11.86. The firm has a market cap of $70,215.66, a P/E ratio of 11.00, a P/E/G ratio of 1.05 and a beta of 1.76. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.10 and a current ratio of 1.10.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 5th will be paid a dividend of $0.0058 per share. This represents a $0.07 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Monday, December 4th. Banco Bradesco SA’s payout ratio is 8.00%.

Several equities research analysts have recently commented on BBD shares. Goldman Sachs Group, Inc. (The) upgraded shares of Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company in a research report on Monday, September 11th. Zacks Investment Research upgraded shares of Banco Bradesco SA from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. ValuEngine upgraded shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub upgraded shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Finally, Scotiabank cut shares of Banco Bradesco SA from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 5th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Banco Bradesco SA currently has a consensus rating of “Buy” and an average target price of $12.40.

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About Banco Bradesco SA

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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Institutional Ownership by Quarter for Banco Bradesco SA (NYSE:BBD)

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