Orion Portfolio Solutions LLC acquired a new position in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 131,475 shares of the bank's stock, valued at approximately $251,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Banco Bradesco in the 4th quarter worth about $30,000. Traveka Wealth LLC purchased a new position in Banco Bradesco in the fourth quarter worth about $31,000. Blue Trust Inc. lifted its stake in shares of Banco Bradesco by 78.2% in the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock worth $38,000 after buying an additional 8,801 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Banco Bradesco by 27.2% during the fourth quarter. HighTower Advisors LLC now owns 25,317 shares of the bank's stock valued at $48,000 after buying an additional 5,421 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its position in shares of Banco Bradesco by 135.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 27,675 shares of the bank's stock valued at $53,000 after acquiring an additional 15,911 shares in the last quarter.
Banco Bradesco Stock Performance
Shares of BBD stock traded down $0.02 on Tuesday, reaching $2.19. The stock had a trading volume of 2,377,711 shares, compared to its average volume of 45,946,527. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.72 and a current ratio of 1.01. Banco Bradesco S.A. has a 1 year low of $1.84 and a 1 year high of $2.96. The stock has a market cap of $23.25 billion, a P/E ratio of 7.28, a price-to-earnings-growth ratio of 0.32 and a beta of 0.56. The company has a 50 day simple moving average of $2.13 and a 200 day simple moving average of $2.20.
Banco Bradesco (NYSE:BBD - Get Free Report) last announced its earnings results on Friday, February 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. Equities research analysts expect that Banco Bradesco S.A. will post 0.37 EPS for the current year.
Banco Bradesco Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, November 7th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.0398 per share. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.48 dividend on an annualized basis and a yield of 21.83%. The ex-dividend date is Wednesday, April 2nd. Banco Bradesco's dividend payout ratio is currently 6.67%.
Wall Street Analyst Weigh In
BBD has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered Banco Bradesco from a "buy" rating to a "sell" rating and reduced their target price for the stock from $2.40 to $2.00 in a report on Wednesday, February 12th. HSBC upgraded Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 price objective for the company in a report on Monday, January 13th.
Check Out Our Latest Report on BBD
About Banco Bradesco
(
Free Report)
Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.
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