Doma Perpetual Capital Management LLC Raises Holdings in Banco Bradesco S.A. (NYSE:BBD)

Doma Perpetual Capital Management LLC grew its holdings in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 15.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,580,430 shares of the bank's stock after purchasing an additional 2,004,992 shares during the quarter. Banco Bradesco comprises about 13.9% of Doma Perpetual Capital Management LLC's portfolio, making the stock its 4th biggest position. Doma Perpetual Capital Management LLC owned approximately 0.14% of Banco Bradesco worth $27,849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its position in shares of Banco Bradesco by 13.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 100,202,214 shares of the bank's stock valued at $191,386,000 after acquiring an additional 12,236,689 shares during the period. ARGA Investment Management LP boosted its position in Banco Bradesco by 215.1% during the fourth quarter. ARGA Investment Management LP now owns 82,839,944 shares of the bank's stock worth $158,224,000 after purchasing an additional 56,552,808 shares during the period. Wellington Management Group LLP increased its stake in shares of Banco Bradesco by 20.8% in the fourth quarter. Wellington Management Group LLP now owns 56,809,743 shares of the bank's stock worth $108,507,000 after purchasing an additional 9,762,964 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Banco Bradesco by 26.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 50,826,745 shares of the bank's stock valued at $97,079,000 after buying an additional 10,537,751 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Banco Bradesco by 1.8% in the 4th quarter. Franklin Resources Inc. now owns 45,810,825 shares of the bank's stock valued at $87,499,000 after buying an additional 821,239 shares in the last quarter.

Banco Bradesco Stock Performance

Shares of BBD opened at $2.22 on Tuesday. 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 S.A. has a 1-year low of $1.84 and a 1-year high of $2.96. The company has a market capitalization of $23.63 billion, a P/E ratio of 7.40, a P/E/G ratio of 0.32 and a beta of 0.56. The firm's 50 day simple moving average is $2.14 and its 200 day simple moving average is $2.18.

Banco Bradesco (NYSE:BBD - Get Free Report) last posted 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 return on equity of 11.43% and a net margin of 8.46%. Sell-side analysts forecast that Banco Bradesco S.A. will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 7th. Investors of record on Wednesday, April 2nd will be issued a $0.0398 dividend. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.48 dividend on an annualized basis and a yield of 21.49%. The ex-dividend date of this dividend is Wednesday, April 2nd. Banco Bradesco's dividend payout ratio (DPR) is currently 6.67%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BBD. HSBC upgraded Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 price target for the company in a research report on Monday, January 13th. The Goldman Sachs Group lowered shares of Banco Bradesco from a "buy" rating to a "sell" rating and reduced their price target for the company from $2.40 to $2.00 in a research 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.

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