Natixis Advisors LLC Purchases 1,004,679 Shares of Banco Bradesco SA $BBD

Natixis Advisors LLC grew its holdings in Banco Bradesco SA (NYSE:BBD) by 7.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,422,826 shares of the bank’s stock after acquiring an additional 1,004,679 shares during the period. Natixis Advisors LLC’s holdings in Banco Bradesco were worth $51,358,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BBD. Millennium Management LLC increased its stake in shares of Banco Bradesco by 28.4% in the 1st quarter. Millennium Management LLC now owns 6,834,192 shares of the bank’s stock valued at $15,240,000 after buying an additional 1,510,481 shares during the period. Jones Financial Companies Lllp raised its position in shares of Banco Bradesco by 3,749.8% in the 1st quarter. Jones Financial Companies Lllp now owns 38,613 shares of the bank’s stock valued at $86,000 after acquiring an additional 37,610 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Banco Bradesco by 116.9% during the first quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank’s stock worth $73,885,000 after purchasing an additional 17,853,712 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Banco Bradesco during the second quarter worth about $62,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Banco Bradesco by 22.0% during the 2nd 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 in the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BBD. Itau BBA Securities reaffirmed an “outperform” rating on shares of Banco Bradesco in a research note on Friday, February 27th. Weiss Ratings upgraded shares of Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Banco Bradesco Price Performance

Shares of NYSE BBD opened at $3.40 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17. The firm has a market cap of $35.98 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 0.43 and a beta of 0.53. The business’s 50 day moving average is $3.73 and its 200-day moving average is $3.70. 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 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 company had revenue of $1.50 billion during the quarter. Equities research analysts predict that Banco Bradesco SA will post 0.5 earnings per share for the current year.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.0039 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, June 3rd. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio is currently 7.69%.

About Banco Bradesco

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.