New York State Common Retirement Fund Grows Stock Holdings in Banco Bradesco S.A. (NYSE:BBD)

New York State Common Retirement Fund boosted its position in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 85.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,936,542 shares of the bank's stock after buying an additional 1,814,009 shares during the period. New York State Common Retirement Fund's holdings in Banco Bradesco were worth $7,519,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Insigneo Advisory Services LLC boosted its position in Banco Bradesco by 23.9% in the third quarter. Insigneo Advisory Services LLC now owns 22,120 shares of the bank's stock worth $59,000 after purchasing an additional 4,260 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Banco Bradesco by 99.9% during the 3rd quarter. Blue Trust Inc. now owns 11,254 shares of the bank's stock worth $30,000 after purchasing an additional 5,623 shares during the period. Eagle Bay Advisors LLC boosted its holdings in shares of Banco Bradesco by 37.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 27,400 shares of the bank's stock worth $54,000 after buying an additional 7,400 shares during the last quarter. Atria Investments Inc grew its position in Banco Bradesco by 24.3% during 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 period. Finally, Caprock Group LLC increased its holdings in Banco Bradesco by 78.5% during the third quarter. Caprock Group LLC now owns 25,456 shares of the bank's stock worth $69,000 after buying an additional 11,192 shares during the last quarter.

Banco Bradesco Trading Down 2.3 %

Shares of Banco Bradesco stock traded down $0.05 on Friday, hitting $1.95. The stock had a trading volume of 62,268,415 shares, compared to its average volume of 50,023,723. 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 stock's 50-day simple moving average is $2.01 and its two-hundred day simple moving average is $2.35. The stock has a market cap of $20.70 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 0.32 and a beta of 0.94.

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

Banco Bradesco Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 7th will be issued a $0.0033 dividend. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.04 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, March 7th. Banco Bradesco's payout ratio is presently 6.67%.

Analyst Ratings Changes

BBD has been the topic of a number of recent research reports. HSBC raised Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 price target on the stock 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 cut their target price for the stock from $2.40 to $2.00 in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. downgraded shares of Banco Bradesco from an "overweight" rating to a "neutral" rating in a research note on Monday, November 25th.

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.