Marshall Wace LLP Raises Position in Banco Bradesco S.A. (NYSE:BBD)

Marshall Wace LLP increased its stake in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 6,437.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,904,153 shares of the bank's stock after buying an additional 7,783,248 shares during the quarter. Marshall Wace LLP owned about 0.07% of Banco Bradesco worth $17,705,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC increased its holdings in shares of Banco Bradesco by 27.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 21,141 shares of the bank's stock valued at $60,000 after purchasing an additional 4,550 shares during the period. Inspire Advisors LLC grew its holdings in Banco Bradesco by 9.5% during the second quarter. Inspire Advisors LLC now owns 54,720 shares of the bank's stock worth $123,000 after acquiring an additional 4,737 shares during the period. Legacy Wealth Asset Management LLC raised its position in Banco Bradesco by 3.4% in the first quarter. Legacy Wealth Asset Management LLC now owns 163,471 shares of the bank's stock worth $468,000 after acquiring an additional 5,383 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Banco Bradesco by 1.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 321,042 shares of the bank's stock valued at $1,123,000 after acquiring an additional 5,861 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of Banco Bradesco by 15.3% during the 1st quarter. Ballentine Partners LLC now owns 45,321 shares of the bank's stock worth $130,000 after purchasing an additional 6,020 shares in the last quarter.

Banco Bradesco Price Performance

Shares of BBD traded up $0.04 on Friday, reaching $2.71. The stock had a trading volume of 39,715,021 shares, compared to its average volume of 20,573,559. Banco Bradesco S.A. has a twelve month low of $2.16 and a twelve month high of $3.65. The firm has a market capitalization of $28.88 billion, a PE ratio of 11.78, a PEG ratio of 0.29 and a beta of 0.98. The firm has a 50-day moving average of $2.64 and a 200 day moving average of $2.60. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.62.

Banco Bradesco (NYSE:BBD - Get Free Report) last posted its earnings results on Monday, August 5th. The bank reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Banco Bradesco had a return on equity of 9.88% and a net margin of 6.68%. The company had revenue of $9.64 billion for the quarter, compared to analyst estimates of $5.47 billion. Sell-side analysts expect that Banco Bradesco S.A. will post 0.35 EPS for the current year.

Banco Bradesco Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.0035 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.04 annualized dividend and a yield of 1.53%. Banco Bradesco's dividend payout ratio (DPR) is currently 78.26%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Banco Bradesco from a "neutral" rating to a "buy" rating and increased their price target for the company from $2.50 to $3.20 in a report on Monday, August 19th.

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.