Banco Bradesco SA $BBD Shares Bought by Tredje AP fonden

Tredje AP fonden boosted its holdings in shares of Banco Bradesco SA (NYSE:BBD) by 65.2% in the 4th quarter, Holdings Channel reports. The firm owned 20,869,200 shares of the bank’s stock after buying an additional 8,239,200 shares during the period. Tredje AP fonden’s holdings in Banco Bradesco were worth $69,494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BBD. Millennium Management LLC lifted its stake in Banco Bradesco by 28.4% during the first quarter. Millennium Management LLC now owns 6,834,192 shares of the bank’s stock valued at $15,240,000 after purchasing an additional 1,510,481 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Banco Bradesco by 3,749.8% during the first quarter. Jones Financial Companies Lllp now owns 38,613 shares of the bank’s stock valued at $86,000 after purchasing an additional 37,610 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Banco Bradesco by 116.9% during the first quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank’s stock valued at $73,885,000 after purchasing an additional 17,853,712 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Banco Bradesco during the second quarter valued at approximately $62,000. Finally, JPMorgan Chase & Co. lifted its stake in Banco Bradesco by 22.0% during the second quarter. JPMorgan Chase & Co. now owns 964,959 shares of the bank’s stock valued at $2,982,000 after purchasing an additional 174,126 shares during the last quarter.

Banco Bradesco Stock Up 1.3%

BBD stock opened at $3.52 on Tuesday. Banco Bradesco SA has a 52-week low of $2.66 and a 52-week high of $4.30. The company’s 50 day simple moving average is $3.77 and its 200-day simple moving average is $3.70. 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 firm has a market capitalization of $37.25 billion, a P/E ratio of 9.01, a P/E/G ratio of 0.43 and a beta of 0.56.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. The business had revenue of $1.50 billion for the quarter. As a group, equities research analysts anticipate that Banco Bradesco SA will post 0.5 EPS for the current year.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.0039 per share. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 3rd. Banco Bradesco’s dividend payout ratio (DPR) is presently 7.69%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings raised shares of Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. Itau BBA Securities reissued an “outperform” rating on shares of Banco Bradesco in a research note on Friday, February 27th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Banco Bradesco 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.