Amundi Reduces Stock Position in Banco Bradesco S.A. (NYSE:BBD)

Amundi lessened its holdings in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,760,244 shares of the bank's stock after selling 1,301,068 shares during the period. Amundi owned about 0.06% of Banco Bradesco worth $12,912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. ARGA Investment Management LP increased its stake in Banco Bradesco by 215.1% during the 4th quarter. ARGA Investment Management LP now owns 82,839,944 shares of the bank's stock worth $158,224,000 after buying an additional 56,552,808 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Banco Bradesco by 170.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 87,965,525 shares of the bank's stock worth $233,988,000 after buying an additional 55,444,555 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Banco Bradesco during the 3rd quarter worth approximately $104,542,000. Itau Unibanco Holding S.A. increased its stake in Banco Bradesco by 56.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 37,616,918 shares of the bank's stock worth $100,061,000 after buying an additional 13,627,768 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Banco Bradesco by 19.2% during the 3rd quarter. Fisher Asset Management LLC now owns 75,833,254 shares of the bank's stock worth $201,716,000 after buying an additional 12,228,662 shares in the last quarter.

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Banco Bradesco Trading Down 0.2 %

BBD traded down $0.01 during trading hours on Tuesday, reaching $2.21. The company's stock had a trading volume of 41,547,115 shares, compared to its average volume of 29,459,567. Banco Bradesco S.A. has a fifty-two week low of $1.84 and a fifty-two week high of $2.98. The stock has a market cap of $23.47 billion, a PE ratio of 7.35, a P/E/G ratio of 0.32 and a beta of 0.94. The business's 50-day moving average is $2.04 and its 200-day moving average is $2.28. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72.

Banco Bradesco (NYSE:BBD - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The bank reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. As a group, equities research analysts predict 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, April 11th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.0033 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.78%. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date is Friday, March 7th. Banco Bradesco's dividend payout ratio is 6.67%.

Analysts Set New Price Targets

BBD has been the subject of several research reports. HSBC upgraded Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 price objective for the company in a research note on Monday, January 13th. The Goldman Sachs Group lowered Banco Bradesco from a "buy" rating to a "sell" rating and cut their price objective for the stock from $2.40 to $2.00 in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. lowered Banco Bradesco from an "overweight" rating to a "neutral" rating in a research report on Monday, November 25th.

Banco Bradesco Profile

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.