Vontobel Holding Ltd. Raises Position in Banco Bradesco S.A. (NYSE:BBD)

Vontobel Holding Ltd. increased its position in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,925,569 shares of the bank's stock after buying an additional 251,998 shares during the period. Vontobel Holding Ltd.'s holdings in Banco Bradesco were worth $5,588,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Franklin Resources Inc. grew its stake in shares of Banco Bradesco by 2.6% in the 3rd quarter. Franklin Resources Inc. now owns 44,989,586 shares of the bank's stock valued at $120,122,000 after buying an additional 1,139,470 shares during the period. State Street Corp boosted its stake in Banco Bradesco by 71.0% during the 3rd quarter. State Street Corp now owns 15,778,647 shares of the bank's stock valued at $42,715,000 after purchasing an additional 6,551,698 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in Banco Bradesco during the 4th quarter valued at about $66,000. JPMorgan Chase & Co. increased its position in shares of Banco Bradesco by 152.6% during the third quarter. JPMorgan Chase & Co. now owns 274,790 shares of the bank's stock valued at $731,000 after acquiring an additional 166,008 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Banco Bradesco by 4.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,032,246 shares of the bank's stock valued at $5,792,000 after acquiring an additional 127,225 shares during the last quarter.

Banco Bradesco Stock Performance

NYSE BBD traded down $0.05 on Wednesday, hitting $2.13. 49,017,333 shares of the stock traded hands, compared to its average volume of 51,726,973. Banco Bradesco S.A. has a 12 month low of $1.84 and a 12 month high of $2.98. The business's fifty day moving average is $2.00 and its two-hundred day moving average is $2.37. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.72 and a current ratio of 1.01. The firm has a market capitalization of $22.61 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.33 and a beta of 0.94.

Banco Bradesco (NYSE:BBD - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The bank reported $0.09 EPS for the quarter, hitting 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 analysts anticipate that Banco Bradesco S.A. will post 0.37 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 7th will be issued a $0.0033 dividend. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, March 7th. Banco Bradesco's dividend payout ratio (DPR) is presently 10.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. downgraded Banco Bradesco from an "overweight" rating to a "neutral" rating in a research report on Monday, November 25th. HSBC raised 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. Finally, The Goldman Sachs Group lowered Banco Bradesco from a "buy" rating to a "sell" rating and reduced their price objective for the company from $2.40 to $2.00 in a report on Wednesday, February 12th.

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.