Banco Bradesco S.A. (NYSE:BBD) is ARGA Investment Management LP's 6th Largest Position

ARGA Investment Management LP increased its stake in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 215.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,839,944 shares of the bank's stock after purchasing an additional 56,552,808 shares during the quarter. Banco Bradesco makes up approximately 5.2% of ARGA Investment Management LP's portfolio, making the stock its 6th biggest holding. ARGA Investment Management LP owned 0.78% of Banco Bradesco worth $158,224,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BBD. Dimensional Fund Advisors LP boosted its stake in Banco Bradesco by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,969,714 shares of the bank's stock worth $4,415,000 after purchasing an additional 262,005 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Banco Bradesco by 13.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 247,769 shares of the bank's stock worth $555,000 after buying an additional 28,922 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Banco Bradesco in the second quarter worth approximately $68,000. Atomi Financial Group Inc. boosted its stake in Banco Bradesco by 38.3% in the third quarter. Atomi Financial Group Inc. now owns 124,188 shares of the bank's stock worth $330,000 after buying an additional 34,370 shares in the last quarter. Finally, Perpetual Ltd purchased a new stake in Banco Bradesco in the third quarter worth approximately $126,000.

Analyst Upgrades and Downgrades

BBD has been the subject of several research reports. HSBC raised Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 target price for the company in a research note on Monday, January 13th. The Goldman Sachs Group cut their target price on Banco Bradesco from $3.20 to $2.30 and set a "buy" rating for the company in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. lowered Banco Bradesco from an "overweight" rating to a "neutral" rating in a research note on Monday, November 25th.

Banco Bradesco Trading Down 5.6 %

Shares of NYSE BBD traded down $0.13 during midday trading on Friday, reaching $2.11. The company had a trading volume of 79,655,065 shares, compared to its average volume of 49,203,180. Banco Bradesco S.A. has a one year low of $1.84 and a one year high of $2.98. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.36. The firm's fifty day moving average price is $1.99 and its 200-day moving average price is $2.38. The stock has a market cap of $22.40 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 0.28 and a beta of 0.94.

Banco Bradesco (NYSE:BBD - Get Free Report) last released its earnings results 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 10.17% and a net margin of 7.43%. On average, equities research analysts anticipate that Banco Bradesco S.A. will post 0.33 earnings per share for the current year.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 5th will be given a $0.0031 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, February 5th. Banco Bradesco's payout ratio is 11.54%.

Banco Bradesco Company 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.