O Shaughnessy Asset Management LLC Sells 174,282 Shares of Banco Bradesco S.A. (NYSE:BBD)

O Shaughnessy Asset Management LLC lowered its position in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 55.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,628 shares of the bank's stock after selling 174,282 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Banco Bradesco were worth $263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. HighTower Advisors LLC raised its stake in shares of Banco Bradesco by 27.2% in the 4th quarter. HighTower Advisors LLC now owns 25,317 shares of the bank's stock valued at $48,000 after purchasing an additional 5,421 shares in the last quarter. Eagle Bay Advisors LLC lifted its stake in Banco Bradesco by 37.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 27,400 shares of the bank's stock worth $54,000 after purchasing an additional 7,400 shares during the last quarter. Blue Trust Inc. boosted its holdings in Banco Bradesco by 78.2% in the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock worth $38,000 after purchasing an additional 8,801 shares during the period. PNC Financial Services Group Inc. increased its stake in Banco Bradesco by 5.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 214,322 shares of the bank's stock valued at $409,000 after purchasing an additional 10,938 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Banco Bradesco in the 4th quarter worth about $30,000.

Banco Bradesco Price Performance

Shares of Banco Bradesco stock traded up $0.02 on Wednesday, hitting $2.21. The company had a trading volume of 21,599,139 shares, compared to its average volume of 31,713,051. The business has a 50-day simple moving average of $2.13 and a 200-day simple moving average of $2.20. The company has a market cap of $23.52 billion, a PE ratio of 7.37, a PEG ratio of 0.32 and a beta of 0.56. Banco Bradesco S.A. has a 52 week low of $1.84 and a 52 week high of $2.96. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72.

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Banco Bradesco (NYSE:BBD - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The bank reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. Research analysts expect that Banco Bradesco S.A. will post 0.37 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 7th. Investors of record on Wednesday, April 2nd will be issued 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 21.58%. The ex-dividend date is Wednesday, April 2nd. Banco Bradesco's dividend payout ratio (DPR) is currently 6.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BBD shares. The Goldman Sachs Group lowered shares of 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 raised Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 target price on the stock in a research report on Monday, January 13th.

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.