Aperio Group LLC increased its stake in Banco Bradesco SA (NYSE:BBD) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 967,232 shares of the bank’s stock after purchasing an additional 73,805 shares during the quarter. Aperio Group LLC’s holdings in Banco Bradesco were worth $9,904,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in BBD. Fisher Asset Management LLC grew its position in shares of Banco Bradesco by 71.6% in the third quarter. Fisher Asset Management LLC now owns 23,029,399 shares of the bank’s stock valued at $254,935,000 after purchasing an additional 9,611,759 shares in the last quarter. State Street Corp grew its position in shares of Banco Bradesco by 8.7% in the second quarter. State Street Corp now owns 9,527,392 shares of the bank’s stock valued at $80,982,000 after purchasing an additional 761,609 shares in the last quarter. Assetmark Inc. grew its position in shares of Banco Bradesco by 158.1% in the third quarter. Assetmark Inc. now owns 938,981 shares of the bank’s stock valued at $10,395,000 after purchasing an additional 575,169 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Banco Bradesco in the third quarter valued at $6,314,000. Finally, SG Americas Securities LLC grew its position in shares of Banco Bradesco by 132.7% in the third quarter. SG Americas Securities LLC now owns 858,190 shares of the bank’s stock valued at $9,500,000 after purchasing an additional 489,388 shares in the last quarter. Institutional investors own 2.83% of the company’s stock.
Several equities analysts have recently weighed in on BBD shares. Zacks Investment Research upgraded Banco Bradesco from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Citigroup raised Banco Bradesco from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. raised Banco Bradesco from a “neutral” rating to an “overweight” rating in a research note on Monday, January 22nd. Finally, ValuEngine lowered Banco Bradesco from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Banco Bradesco has a consensus rating of “Buy” and a consensus target price of $12.20.
Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Thursday, February 1st. The bank reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The company had revenue of $9.90 billion during the quarter, compared to analyst estimates of $8.20 billion. Banco Bradesco had a return on equity of 17.54% and a net margin of 9.87%. equities analysts anticipate that Banco Bradesco SA will post 0.96 earnings per share for the current fiscal year.
The firm also recently disclosed a special dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 5th will be paid a dividend of $0.005 per share. This represents a yield of 0.000438212094653812%. The ex-dividend date is Friday, February 2nd. Banco Bradesco’s dividend payout ratio is 7.91%.
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Banco Bradesco 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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