Banco Bradesco S.A. (NYSE:BBD) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its holdings in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 93.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,700 shares of the bank's stock after selling 310,205 shares during the period. Jump Financial LLC's holdings in Banco Bradesco were worth $72,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Causeway Capital Management LLC increased its holdings in Banco Bradesco by 43.4% during the 3rd quarter. Causeway Capital Management LLC now owns 64,072,052 shares of the bank's stock worth $182,605,000 after purchasing an additional 19,404,902 shares during the period. Oaktree Capital Management LP increased its holdings in shares of Banco Bradesco by 3.0% in the 3rd quarter. Oaktree Capital Management LP now owns 31,742,126 shares of the bank's stock valued at $90,465,000 after acquiring an additional 926,807 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Banco Bradesco by 2.0% in the 4th quarter. Russell Investments Group Ltd. now owns 24,275,443 shares of the bank's stock valued at $84,964,000 after acquiring an additional 476,197 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Banco Bradesco by 35.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 21,319,038 shares of the bank's stock valued at $60,759,000 after acquiring an additional 5,624,225 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Banco Bradesco by 4.5% in the 3rd quarter. Sei Investments Co. now owns 19,673,306 shares of the bank's stock valued at $56,069,000 after acquiring an additional 853,516 shares during the period.

Banco Bradesco Stock Down 1.6 %

BBD traded down $0.04 on Friday, reaching $2.46. 24,206,043 shares of the stock were exchanged, compared to its average volume of 17,053,160. The company's 50-day moving average price is $2.69 and its 200 day moving average price is $2.98. Banco Bradesco S.A. has a fifty-two week low of $2.43 and a fifty-two week high of $3.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.77 and a current ratio of 0.77.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The bank reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. Banco Bradesco had a return on equity of 9.55% and a net margin of 6.70%. The company had revenue of $9.64 billion during the quarter. As a group, sell-side analysts anticipate that Banco Bradesco S.A. will post 0.34 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.0037 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.04 dividend on an annualized basis and a yield of 1.80%. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's payout ratio is currently 17.39%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BBD. Jefferies Financial Group downgraded Banco Bradesco from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. The Goldman Sachs Group upgraded Banco Bradesco from a "sell" rating to a "neutral" rating and set a $2.80 target price on the stock in a research note on Tuesday, February 20th.

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.