Schroder Investment Management Group Has $4.30 Million Stock Holdings in Banco Bradesco S.A. (NYSE:BBD)

Schroder Investment Management Group trimmed its stake in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 50.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,264,182 shares of the bank's stock after selling 2,331,889 shares during the quarter. Schroder Investment Management Group's holdings in Banco Bradesco were worth $4,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in BBD. ARGA Investment Management LP lifted its position in shares of Banco Bradesco by 215.1% in the fourth quarter. ARGA Investment Management LP now owns 82,839,944 shares of the bank's stock worth $158,224,000 after purchasing an additional 56,552,808 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Banco Bradesco by 208.7% in the third quarter. Two Sigma Advisers LP now owns 16,851,220 shares of the bank's stock worth $44,824,000 after buying an additional 11,393,100 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Banco Bradesco by 26.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 50,826,745 shares of the bank's stock valued at $97,079,000 after purchasing an additional 10,537,751 shares during the last quarter. Algebris UK Ltd acquired a new position in Banco Bradesco during the fourth quarter valued at approximately $14,111,000. Finally, State Street Corp grew its holdings in Banco Bradesco by 71.0% during the third quarter. State Street Corp now owns 15,778,647 shares of the bank's stock valued at $42,715,000 after purchasing an additional 6,551,698 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BBD. HSBC raised Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 price objective for the company in a research report on Monday, January 13th. The Goldman Sachs Group cut Banco Bradesco from a "buy" rating to a "sell" rating and reduced their price objective for the company from $2.40 to $2.00 in a research report on Wednesday, February 12th.

Banco Bradesco Stock Performance

BBD stock traded down $0.04 during midday trading on Thursday, hitting $2.12. The stock had a trading volume of 4,692,711 shares, compared to its average volume of 31,341,919. The firm has a market capitalization of $22.56 billion, a price-to-earnings ratio of 7.07, a P/E/G 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 stock has a 50-day simple moving average of $2.13 and a 200 day simple moving average of $2.21. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its earnings results on Friday, February 7th. The bank reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. As a group, equities research analysts anticipate that Banco Bradesco S.A. will post 0.37 earnings per share for the current year.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 7th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.0398 per share. The ex-dividend date is Wednesday, April 2nd. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.48 dividend on an annualized basis and a dividend yield of 22.50%. 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.