American Century Companies Inc. Acquires 1,272,859 Shares of Banco Bradesco S.A. (NYSE:BBD)

American Century Companies Inc. raised its stake in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 30.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,513,546 shares of the bank's stock after purchasing an additional 1,272,859 shares during the period. American Century Companies Inc. owned 0.05% of Banco Bradesco worth $10,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. R Squared Ltd purchased a new stake in Banco Bradesco during the 4th quarter valued at $30,000. Traveka Wealth LLC purchased a new stake in shares of Banco Bradesco in the fourth quarter valued at $31,000. Townsquare Capital LLC purchased a new stake in shares of Banco Bradesco in the third quarter valued at $37,000. Blue Trust Inc. boosted its stake in shares of Banco Bradesco by 78.2% during the 4th quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock worth $38,000 after purchasing an additional 8,801 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Banco Bradesco by 27.2% during the 4th quarter. HighTower Advisors LLC now owns 25,317 shares of the bank's stock valued at $48,000 after purchasing an additional 5,421 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on BBD shares. The Goldman Sachs Group downgraded shares of Banco Bradesco from a "buy" rating to a "sell" rating and decreased their price objective for the stock from $2.40 to $2.00 in a research note on Wednesday, February 12th. HSBC raised Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 price target for the company in a research note on Monday, January 13th.

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Banco Bradesco Trading Down 3.4 %

BBD stock traded down $0.08 during trading on Monday, hitting $2.12. The company had a trading volume of 56,850,004 shares, compared to its average volume of 31,052,206. Banco Bradesco S.A. has a 52-week low of $1.84 and a 52-week high of $2.97. The company has a 50 day simple moving average of $2.13 and a 200-day simple moving average of $2.22. The firm has a market capitalization of $22.51 billion, a P/E ratio of 7.05, a PEG ratio of 0.32 and a beta of 0.56. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48.

Banco Bradesco (NYSE:BBD - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The bank reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. As a group, research analysts forecast that Banco Bradesco S.A. will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 7th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.0398 per share. This is an increase from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 22.55%. Banco Bradesco's dividend payout ratio is presently 43.33%.

About Banco Bradesco

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.