Robeco Institutional Asset Management B.V. Buys 127,225 Shares of Banco Bradesco S.A. (NYSE:BBD)

Robeco Institutional Asset Management B.V. boosted its position in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,032,246 shares of the bank's stock after buying an additional 127,225 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Banco Bradesco were worth $5,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of BBD. Blue Trust Inc. boosted 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. R Squared Ltd purchased a new position in shares of Banco Bradesco during the fourth quarter valued at approximately $30,000. Traveka Wealth LLC bought a new position in shares of Banco Bradesco during the fourth quarter valued at approximately $31,000. Townsquare Capital LLC bought a new position in shares of Banco Bradesco during the third quarter valued at approximately $37,000. Finally, Eagle Bay Advisors LLC raised its holdings in shares of Banco Bradesco by 110.5% in the third quarter. Eagle Bay Advisors LLC now owns 20,000 shares of the bank's stock worth $54,000 after buying an additional 10,500 shares during the period.

Banco Bradesco Trading Up 2.0 %

NYSE:BBD traded up $0.04 during midday trading on Thursday, hitting $2.22. The stock had a trading volume of 53,166,747 shares, compared to its average volume of 51,699,289. The stock has a 50-day moving average of $1.99 and a 200 day moving average of $2.38. The company has a market capitalization of $23.66 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 0.26 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 0.72 and a debt-to-equity ratio of 0.36.

Banco Bradesco Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.0031 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Wednesday, February 5th. Banco Bradesco's payout ratio is 11.54%.

Analyst Ratings Changes

A number of research firms recently issued reports on BBD. HSBC upgraded 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. JPMorgan Chase & Co. lowered shares of Banco Bradesco from an "overweight" rating to a "neutral" rating in a research note on Monday, November 25th. Finally, The Goldman Sachs Group reduced their price target on shares of Banco Bradesco from $3.20 to $2.30 and set a "buy" rating on the stock in a research note on Friday, January 10th.

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.