Daiwa Securities Group Inc. Has $255,000 Stock Holdings in Banco Bradesco S.A. (NYSE:BBD)

Daiwa Securities Group Inc. reduced its stake in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 77.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,435 shares of the bank's stock after selling 464,910 shares during the period. Daiwa Securities Group Inc.'s holdings in Banco Bradesco were worth $255,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in Banco Bradesco by 5.4% in the fourth 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 in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Banco Bradesco in the fourth quarter worth $507,000. Banco Santander S.A. boosted its holdings in Banco Bradesco by 402.4% in the fourth quarter. Banco Santander S.A. now owns 1,802,819 shares of the bank's stock worth $3,443,000 after purchasing an additional 1,443,986 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in Banco Bradesco by 135.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 27,675 shares of the bank's stock worth $53,000 after purchasing an additional 15,911 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Banco Bradesco in the fourth quarter worth $3,222,000.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BBD shares. JPMorgan Chase & Co. cut shares of Banco Bradesco from an "overweight" rating to a "neutral" rating in a report on Monday, November 25th. HSBC raised shares of Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 target price for the company in a research report on Monday, January 13th. Finally, The Goldman Sachs Group lowered shares of Banco Bradesco from a "buy" rating to a "sell" rating and cut their target price for the stock from $2.40 to $2.00 in a research report on Wednesday, February 12th.

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Banco Bradesco Stock Performance

Banco Bradesco stock traded down $0.03 on Thursday, reaching $2.22. 39,862,853 shares of the stock were exchanged, compared to its average volume of 29,663,631. The stock has a market cap of $23.57 billion, a PE ratio of 7.38, a PEG ratio of 0.32 and a beta of 0.94. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. Banco Bradesco S.A. has a twelve month low of $1.84 and a twelve month high of $2.98. The firm has a fifty day moving average price of $2.05 and a two-hundred day moving average price of $2.28.

Banco Bradesco (NYSE:BBD - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The bank reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. Sell-side analysts anticipate that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 7th will be given a dividend of $0.0033 per share. The ex-dividend date is Friday, March 7th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.78%. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's dividend payout ratio is currently 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.