Natixis Advisors LLC Has $7.18 Million Stock Position in Banco Bradesco S.A. (NYSE:BBD)

Natixis Advisors LLC boosted its stake in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 1,334.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,759,101 shares of the bank's stock after purchasing an additional 3,496,994 shares during the quarter. Natixis Advisors LLC's holdings in Banco Bradesco were worth $7,180,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Atria Investments Inc increased its stake in shares of Banco Bradesco by 24.3% in the 3rd quarter. Atria Investments Inc now owns 44,151 shares of the bank's stock valued at $117,000 after acquiring an additional 8,641 shares during the last quarter. Caprock Group LLC increased its stake in Banco Bradesco by 78.5% in the third quarter. Caprock Group LLC now owns 25,456 shares of the bank's stock valued at $69,000 after purchasing an additional 11,192 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Banco Bradesco in the third quarter worth $1,941,000. West Family Investments Inc. raised its holdings in Banco Bradesco by 176.6% in the third quarter. West Family Investments Inc. now owns 75,525 shares of the bank's stock worth $201,000 after purchasing an additional 48,224 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Banco Bradesco by 170.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 87,965,525 shares of the bank's stock worth $233,988,000 after purchasing an additional 55,444,555 shares in the last quarter.

Analyst Upgrades and Downgrades

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

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Banco Bradesco Stock Up 3.2 %

BBD traded up $0.07 during trading on Tuesday, hitting $2.29. The company had a trading volume of 53,963,716 shares, compared to its average volume of 29,847,468. The company has a market capitalization of $24.37 billion, a PE ratio of 7.63, a PEG ratio of 0.32 and a beta of 0.94. 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 S.A. has a one year low of $1.84 and a one year high of $2.98. The firm's 50-day moving average price is $2.07 and its 200 day moving average price is $2.26.

Banco Bradesco (NYSE:BBD - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share 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, equities analysts expect that Banco Bradesco S.A. will post 0.37 earnings per share for the current year.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 7th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.0398 per share. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.48 annualized dividend and a dividend yield of 20.83%. The ex-dividend date is Wednesday, April 2nd. Banco Bradesco's dividend payout ratio (DPR) is currently 6.67%.

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.