265,618 Shares in Banco Bradesco S.A. (NYSE:BBD) Acquired by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 265,618 shares of the bank's stock, valued at approximately $507,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. US Bancorp DE increased its position in shares of Banco Bradesco by 13.0% during the third quarter. US Bancorp DE now owns 265,199 shares of the bank's stock worth $705,000 after purchasing an additional 30,490 shares in the last quarter. Atria Investments Inc lifted its stake in Banco Bradesco by 24.3% in the third quarter. Atria Investments Inc now owns 44,151 shares of the bank's stock valued at $117,000 after buying an additional 8,641 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Banco Bradesco by 5.1% in the third quarter. Crossmark Global Holdings Inc. now owns 250,657 shares of the bank's stock valued at $667,000 after buying an additional 12,228 shares during the last quarter. Catalytic Wealth RIA LLC boosted its holdings in shares of Banco Bradesco by 34.1% in the third quarter. Catalytic Wealth RIA LLC now owns 46,774 shares of the bank's stock valued at $124,000 after acquiring an additional 11,883 shares during the period. Finally, Aigen Investment Management LP grew its position in shares of Banco Bradesco by 24.5% during the third quarter. Aigen Investment Management LP now owns 151,613 shares of the bank's stock worth $403,000 after acquiring an additional 29,861 shares during the last quarter.

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Banco Bradesco Stock Performance

Shares of Banco Bradesco stock traded up $0.01 on Wednesday, reaching $2.01. 43,103,934 shares of the stock were exchanged, compared to its average volume of 29,049,787. The firm has a market capitalization of $21.34 billion, a PE ratio of 6.68, a PEG ratio of 0.32 and a beta of 0.94. Banco Bradesco S.A. has a 1-year low of $1.84 and a 1-year high of $2.98. The business has a fifty day moving average price of $2.02 and a two-hundred day moving average price of $2.30. 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 (NYSE:BBD - Get Free Report) last released its earnings results on Friday, February 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. As a group, research analysts anticipate that Banco Bradesco S.A. will post 0.37 earnings per share for the current fiscal 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 $0.0033 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.04 dividend on an annualized basis and a yield of 1.96%. This is an increase from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's dividend payout ratio (DPR) is 6.67%.

Analyst Ratings Changes

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

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.