Banco Bradesco S.A. (NYSE:BBD) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 17.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,534,042 shares of the bank's stock after buying an additional 839,842 shares during the period. Hsbc Holdings PLC owned 0.05% of Banco Bradesco worth $10,566,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in shares of Banco Bradesco by 2.6% during the 3rd quarter. Franklin Resources Inc. now owns 44,989,586 shares of the bank's stock worth $120,122,000 after acquiring an additional 1,139,470 shares during the period. New York State Common Retirement Fund increased its position in Banco Bradesco by 85.5% during the fourth quarter. New York State Common Retirement Fund now owns 3,936,542 shares of the bank's stock worth $7,519,000 after purchasing an additional 1,814,009 shares during the last quarter. DAVENPORT & Co LLC purchased a new position in Banco Bradesco during the fourth quarter worth about $66,000. Banco Santander S.A. boosted its holdings in Banco Bradesco by 402.4% in the 4th quarter. Banco Santander S.A. now owns 1,802,819 shares of the bank's stock valued at $3,443,000 after purchasing an additional 1,443,986 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Banco Bradesco by 1,334.2% in the 4th quarter. Natixis Advisors LLC now owns 3,759,101 shares of the bank's stock valued at $7,180,000 after buying an additional 3,496,994 shares during the period.

Analysts Set New Price Targets

BBD has been the topic of several analyst reports. HSBC raised shares of Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 price target on the stock in a research report on Monday, January 13th. The Goldman Sachs Group downgraded 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 research report on Wednesday, February 12th.

Banco Bradesco Price Performance

Shares of BBD opened at $2.39 on Monday. The firm has a 50-day simple moving average of $2.15 and a two-hundred day simple moving average of $2.17. The stock has a market cap of $25.43 billion, a PE ratio of 7.97, a P/E/G ratio of 0.32 and a beta of 0.56. Banco Bradesco S.A. has a 1-year low of $1.84 and a 1-year high of $2.96. 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 posted its 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, analysts forecast that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

The company 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 is a positive change 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 annualized dividend and a yield of 19.96%. Banco Bradesco's dividend payout ratio is presently 6.67%.

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.

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