Banco Bradesco S.A. (NYSE:BBD) Stake Raised by Two Sigma Securities LLC

Two Sigma Securities LLC increased its stake in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 45.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 507,703 shares of the bank's stock after buying an additional 158,744 shares during the quarter. Two Sigma Securities LLC's holdings in Banco Bradesco were worth $970,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of BBD. Franklin Resources Inc. grew its stake in shares of Banco Bradesco by 2.6% in the third quarter. Franklin Resources Inc. now owns 44,989,586 shares of the bank's stock valued at $120,122,000 after buying an additional 1,139,470 shares in the last quarter. SPX Gestao de Recursos Ltda raised its position in shares of Banco Bradesco by 217.0% in the 3rd quarter. SPX Gestao de Recursos Ltda now owns 3,608,320 shares of the bank's stock valued at $9,598,000 after purchasing an additional 2,470,135 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Banco Bradesco by 152.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 274,790 shares of the bank's stock valued at $731,000 after buying an additional 166,008 shares during the last quarter. Eagle Bay Advisors LLC grew its position in shares of 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 buying an additional 7,400 shares in the last quarter. Finally, Traveka Wealth LLC bought a new stake in shares of Banco Bradesco in the fourth quarter worth $31,000.

Analyst Upgrades and Downgrades

BBD has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered shares of Banco Bradesco from a "buy" rating to a "sell" rating and dropped their price target for the stock from $2.40 to $2.00 in a research note on Wednesday, February 12th. HSBC upgraded shares of Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 price target for the company in a research note on Monday, January 13th.

Banco Bradesco Price Performance

BBD stock traded up $0.01 during trading on Monday, hitting $2.39. The company had a trading volume of 21,206,837 shares, compared to its average volume of 32,100,409. The firm has a market capitalization of $25.43 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 0.32 and a beta of 0.56. The business has a 50 day moving average of $2.15 and a 200 day moving average of $2.17. Banco Bradesco S.A. has a fifty-two week low of $1.84 and a fifty-two week high of $2.96. 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 posted its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. As a group, research analysts predict 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. Investors of record on Wednesday, April 2nd will be issued a $0.0398 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $0.48 annualized dividend and a yield of 19.96%. This is an increase from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's dividend payout ratio is presently 6.67%.

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.