Sagil Capital LLP boosted its stake in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 20.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,623,265 shares of the bank's stock after buying an additional 1,443,854 shares during the period. Banco Bradesco makes up about 7.5% of Sagil Capital LLP's investment portfolio, making the stock its 2nd largest holding. Sagil Capital LLP owned 0.08% of Banco Bradesco worth $16,470,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently modified their holdings of BBD. Insigneo Advisory Services LLC increased its holdings in shares of Banco Bradesco by 23.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 22,120 shares of the bank's stock worth $59,000 after purchasing an additional 4,260 shares in the last quarter. HighTower Advisors LLC increased its position in 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 acquiring an additional 5,421 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in Banco Bradesco by 37.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 27,400 shares of the bank's stock valued at $54,000 after acquiring an additional 7,400 shares during the period. Blue Trust Inc. increased its position 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 valued at $38,000 after purchasing an additional 8,801 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Banco Bradesco by 5.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 214,322 shares of the bank's stock worth $409,000 after purchasing an additional 10,938 shares during the period.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. The Goldman Sachs Group cut shares of Banco Bradesco from a "buy" rating to a "sell" rating and reduced their target price for the company from $2.40 to $2.00 in a report on Wednesday, February 12th. HSBC upgraded shares of Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 price objective on the stock in a research report on Monday, January 13th.
View Our Latest Stock Analysis on BBD
Banco Bradesco Stock Down 2.0 %
Shares of BBD stock traded down $0.05 during mid-day trading on Monday, hitting $2.23. The stock had a trading volume of 8,170,923 shares, compared to its average volume of 45,999,313. The firm has a market capitalization of $23.68 billion, a P/E ratio of 7.42, a price-to-earnings-growth ratio of 0.32 and a beta of 0.94. Banco Bradesco S.A. has a 12-month low of $1.84 and a 12-month high of $2.98. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. The firm's 50-day moving average is $2.10 and its two-hundred day moving average is $2.25.
Banco Bradesco (NYSE:BBD - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share 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%. On average, analysts predict that Banco Bradesco S.A. will post 0.37 earnings per share for the current fiscal year.
Banco Bradesco Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, November 7th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.0398 per share. This represents a $0.48 annualized dividend and a yield of 21.44%. 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. Banco Bradesco's payout ratio is 43.33%.
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.
Further Reading
Before you consider Banco Bradesco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banco Bradesco wasn't on the list.
While Banco Bradesco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
