39,301,345 Shares in Banco Bradesco S.A. (NYSE:BBD) Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Banco Bradesco S.A. (NYSE:BBD - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 39,301,345 shares of the bank's stock, valued at approximately $104,542,000.

A number of other institutional investors also recently bought and sold shares of BBD. Inspire Advisors LLC raised its stake in Banco Bradesco by 9.5% during the second quarter. Inspire Advisors LLC now owns 54,720 shares of the bank's stock valued at $123,000 after purchasing an additional 4,737 shares in the last quarter. Blue Trust Inc. raised its position in 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 buying an additional 5,623 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Banco Bradesco by 1.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 716,345 shares of the bank's stock worth $1,605,000 after purchasing an additional 8,000 shares during the period. Simplicity Wealth LLC grew its holdings in Banco Bradesco by 11.9% in the second quarter. Simplicity Wealth LLC now owns 77,032 shares of the bank's stock valued at $173,000 after purchasing an additional 8,165 shares during the period. Finally, Atria Investments Inc boosted its stake in shares of Banco Bradesco by 24.3% in the third quarter. Atria Investments Inc now owns 44,151 shares of the bank's stock worth $117,000 after acquiring an additional 8,641 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Banco Bradesco from an "overweight" rating to a "neutral" rating in a research note on Monday, November 25th. The Goldman Sachs Group upgraded Banco Bradesco from a "neutral" rating to a "buy" rating and upped their target price for the company from $2.50 to $3.20 in a research note on Monday, August 19th.

Banco Bradesco Stock Down 2.6 %

Shares of BBD traded down $0.05 during trading hours on Monday, hitting $2.08. 41,142,443 shares of the company were exchanged, compared to its average volume of 22,503,418. The company has a market cap of $22.12 billion, a PE ratio of 8.00, a PEG ratio of 0.25 and a beta of 0.97. Banco Bradesco S.A. has a 52 week low of $2.02 and a 52 week high of $3.65. The firm's 50 day moving average is $2.52 and its 200-day moving average is $2.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72.

Banco Bradesco (NYSE:BBD - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The bank reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%. The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $5.62 billion. On average, equities research analysts forecast that Banco Bradesco S.A. will post 0.34 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be issued a $0.0033 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.91%. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, December 4th. Banco Bradesco's payout ratio is 11.54%.

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.