Quantbot Technologies LP Sells 470,105 Shares of Banco Bradesco S.A. (NYSE:BBD)

Quantbot Technologies LP reduced its position in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 45.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 571,618 shares of the bank's stock after selling 470,105 shares during the period. Quantbot Technologies LP's holdings in Banco Bradesco were worth $1,092,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BBD. R Squared Ltd bought a new position in shares of Banco Bradesco during the fourth quarter valued at $30,000. Traveka Wealth LLC bought a new position in Banco Bradesco during the 4th quarter valued at about $31,000. Townsquare Capital LLC bought a new position in Banco Bradesco during the 3rd quarter valued at about $37,000. Blue Trust Inc. grew its stake in shares of 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 acquiring an additional 8,801 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of Banco Bradesco by 27.2% during the fourth 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 during the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group cut shares of Banco Bradesco from a "buy" rating to a "sell" rating and dropped their target price for the stock from $2.40 to $2.00 in a report on Wednesday, February 12th. HSBC raised Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 price objective for the company in a report on Monday, January 13th.

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Banco Bradesco Stock Performance

BBD traded down $0.03 during trading on Friday, hitting $2.27. The company's stock had a trading volume of 51,137,825 shares, compared to its average volume of 30,406,640. The business's 50 day simple moving average is $2.10 and its 200-day simple moving average is $2.25. The firm has a market cap of $24.10 billion, a PE ratio of 7.55, a P/E/G ratio of 0.32 and a beta of 0.94. Banco Bradesco S.A. has a one year low of $1.84 and a one year high of $2.98. 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 (NYSE:BBD - Get Free Report) last announced its earnings results on Friday, February 7th. The bank reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. As a group, sell-side analysts predict that Banco Bradesco S.A. will post 0.37 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 7th. Shareholders 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 21.06%. Banco Bradesco's dividend payout ratio (DPR) is presently 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.