Banco Bradesco S.A. (NYSE:BBD) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 20.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,809,743 shares of the bank's stock after acquiring an additional 9,762,964 shares during the period. Wellington Management Group LLP owned 0.53% of Banco Bradesco worth $108,507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ARGA Investment Management LP raised its position in Banco Bradesco by 215.1% in the 4th quarter. ARGA Investment Management LP now owns 82,839,944 shares of the bank's stock valued at $158,224,000 after purchasing an additional 56,552,808 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Banco Bradesco by 26.2% in the 4th 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 in the last quarter. Franklin Resources Inc. increased its position in Banco Bradesco by 2.6% during the 3rd quarter. Franklin Resources Inc. now owns 44,989,586 shares of the bank's stock worth $120,122,000 after purchasing an additional 1,139,470 shares during the period. Two Sigma Advisers LP increased its position in Banco Bradesco by 208.7% during the 3rd quarter. Two Sigma Advisers LP now owns 16,851,220 shares of the bank's stock worth $44,824,000 after purchasing an additional 11,393,100 shares during the period. Finally, State Street Corp raised its stake in shares of Banco Bradesco by 71.0% during the 3rd quarter. State Street Corp now owns 15,778,647 shares of the bank's stock worth $42,715,000 after buying an additional 6,551,698 shares in the last quarter.

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Banco Bradesco Price Performance

Shares of BBD stock traded down $0.06 during midday trading on Tuesday, reaching $2.06. 12,227,217 shares of the company traded hands, compared to its average volume of 46,017,559. The firm's 50 day simple moving average is $2.13 and its two-hundred day simple moving average is $2.22. The firm has a market cap of $21.87 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 0.32 and a beta of 0.56. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. Banco Bradesco S.A. has a 1-year low of $1.84 and a 1-year high of $2.97.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share (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%. On average, equities research analysts expect that Banco Bradesco S.A. will post 0.37 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 7th. Investors of record on Wednesday, April 2nd will be given a $0.0398 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.48 annualized dividend and a dividend yield of 23.21%. Banco Bradesco's payout ratio is currently 43.33%.

Analysts Set New Price Targets

A number of research firms recently weighed in on BBD. The Goldman Sachs Group downgraded Banco Bradesco from a "buy" rating to a "sell" rating and decreased their price target for the company 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 target price on the stock in a research report on Monday, January 13th.

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.