Banco Bradesco S.A. (NYSE:BBD) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its holdings in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,741,854 shares of the bank's stock after selling 1,277,907 shares during the quarter. Baillie Gifford & Co. owned 0.29% of Banco Bradesco worth $58,717,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in Banco Bradesco by 99.9% during the third quarter. Blue Trust Inc. now owns 11,254 shares of the bank's stock worth $30,000 after buying an additional 5,623 shares during the period. Townsquare Capital LLC purchased a new position in shares of Banco Bradesco in the third quarter valued at $37,000. R Squared Ltd purchased a new position in shares of Banco Bradesco in the fourth quarter valued at $30,000. Traveka Wealth LLC purchased a new position in shares of Banco Bradesco in the fourth quarter valued at $31,000. Finally, Eagle Bay Advisors LLC boosted its stake in shares of Banco Bradesco by 110.5% in the third quarter. Eagle Bay Advisors LLC now owns 20,000 shares of the bank's stock valued at $54,000 after purchasing an additional 10,500 shares during the period.

Wall Street Analysts Forecast Growth

BBD has been the topic of a number of research analyst reports. The Goldman Sachs Group downgraded shares of 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 research note on Wednesday, February 12th. JPMorgan Chase & Co. downgraded shares of Banco Bradesco from an "overweight" rating to a "neutral" rating in a research note on Monday, November 25th. Finally, 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 note on Monday, January 13th.

Banco Bradesco Stock Performance

Shares of NYSE:BBD traded down $0.04 on Friday, reaching $2.10. 36,680,708 shares of the company's stock were exchanged, compared to its average volume of 50,977,066. The firm has a market capitalization of $22.30 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 0.32 and a beta of 0.94. Banco Bradesco S.A. has a fifty-two week low of $1.84 and a fifty-two week high of $2.98. The business's 50-day moving average is $2.00 and its two-hundred day moving average is $2.37. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its earnings results on Friday, February 7th. The bank reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. As a group, equities research analysts forecast that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.0033 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.88%. 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%.

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.