Banco Bradesco SA $BBDO Stake Trimmed by BSW Wealth Partners

BSW Wealth Partners lessened its stake in shares of Banco Bradesco SA (NYSE:BBDO) by 24.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,069 shares of the bank’s stock after selling 7,640 shares during the period. BSW Wealth Partners’ holdings in Banco Bradesco were worth $63,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Banco Bradesco by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock worth $1,073,000 after buying an additional 181,299 shares during the period. Kathmere Capital Management LLC lifted its position in shares of Banco Bradesco by 121.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 104,656 shares of the bank’s stock valued at $286,000 after acquiring an additional 57,451 shares in the last quarter. Aprio Wealth Management LLC purchased a new stake in shares of Banco Bradesco in the 1st quarter valued at approximately $43,000. D Orazio & Associates Inc. acquired a new position in Banco Bradesco in the 1st quarter worth approximately $26,000. Finally, Farther Finance Advisors LLC grew its position in Banco Bradesco by 5,542.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 11,172 shares of the bank’s stock worth $30,000 after purchasing an additional 10,974 shares in the last quarter.

Banco Bradesco Price Performance

Shares of NYSE:BBDO opened at $2.81 on Friday. The company’s fifty day moving average is $2.67 and its two-hundred day moving average is $2.46. The company has a market cap of $29.85 billion, a P/E ratio of 8.01 and a beta of 0.82. Banco Bradesco SA has a 12-month low of $1.71 and a 12-month high of $3.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63.

Banco Bradesco (NYSE:BBDO) last issued its earnings results on Wednesday, July 30th. The bank reported $0.10 EPS for the quarter. Banco Bradesco had a return on equity of 12.96% and a net margin of 9.76%.

Banco Bradesco Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.0032 per share. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 3rd. Banco Bradesco’s payout ratio is 48.57%.

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.