Banco Bradesco SA $BBD Holdings Raised by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda increased its stake in shares of Banco Bradesco SA (NYSE:BBD) by 221.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,051,974 shares of the bank’s stock after purchasing an additional 7,614,725 shares during the period. Banco Bradesco makes up approximately 3.4% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 10th largest position. SPX Gestao de Recursos Ltda’s holdings in Banco Bradesco were worth $40,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inspire Investing LLC lifted its stake in Banco Bradesco by 11.4% during the fourth quarter. Inspire Investing LLC now owns 25,331 shares of the bank’s stock worth $84,000 after purchasing an additional 2,597 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Banco Bradesco by 8.8% during the 2nd quarter. Corient Private Wealth LLC now owns 42,025 shares of the bank’s stock valued at $130,000 after acquiring an additional 3,402 shares during the period. GAMMA Investing LLC boosted its holdings in Banco Bradesco by 40.1% during the 4th quarter. GAMMA Investing LLC now owns 12,641 shares of the bank’s stock valued at $42,000 after acquiring an additional 3,619 shares during the period. EverSource Wealth Advisors LLC grew its position in Banco Bradesco by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,784 shares of the bank’s stock valued at $33,000 after acquiring an additional 3,648 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its stake in Banco Bradesco by 1.6% during the third quarter. Orion Porfolio Solutions LLC now owns 230,065 shares of the bank’s stock worth $778,000 after purchasing an additional 3,716 shares during the period.

Banco Bradesco Price Performance

Shares of NYSE BBD opened at $3.54 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $37.57 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 0.44 and a beta of 0.53. The stock’s 50-day moving average is $3.48 and its two-hundred day moving average is $3.69. Banco Bradesco SA has a 1-year low of $2.73 and a 1-year high of $4.30.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Tuesday, March 31st. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 9.24%.The business had revenue of $1.50 billion during the quarter. Analysts forecast that Banco Bradesco SA will post 0.5 EPS for the current fiscal year.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 5th will be given a dividend of $0.0037 per share. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 5th. Banco Bradesco’s payout ratio is 5.13%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.