Baillie Gifford & Co. Lowers Stock Position in Banco Bradesco S.A. (NYSE:BBD)

Baillie Gifford & Co. trimmed its holdings in Banco Bradesco S.A. (NYSE:BBD) by 33.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,154,761 shares of the bank’s stock after selling 17,106,385 shares during the quarter. Baillie Gifford & Co.’s holdings in Banco Bradesco were worth $97,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of BBD. First Trust Direct Indexing L.P. increased its holdings in shares of Banco Bradesco by 8.6% during the fourth quarter. First Trust Direct Indexing L.P. now owns 45,245 shares of the bank’s stock valued at $158,000 after acquiring an additional 3,570 shares in the last quarter. Gould Asset Management LLC CA grew its holdings in shares of Banco Bradesco by 7.3% during the fourth quarter. Gould Asset Management LLC CA now owns 53,509 shares of the bank’s stock valued at $187,000 after buying an additional 3,640 shares during the last quarter. SVB Wealth LLC increased its position in shares of Banco Bradesco by 11.3% during the fourth quarter. SVB Wealth LLC now owns 38,140 shares of the bank’s stock valued at $133,000 after acquiring an additional 3,868 shares in the last quarter. Ieq Capital LLC raised its holdings in Banco Bradesco by 24.7% in the 4th quarter. Ieq Capital LLC now owns 20,714 shares of the bank’s stock worth $72,000 after acquiring an additional 4,103 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Banco Bradesco by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 34,102 shares of the bank’s stock valued at $119,000 after acquiring an additional 4,319 shares in the last quarter.

Banco Bradesco Trading Up 2.7 %

Shares of Banco Bradesco stock traded up $0.06 on Friday, reaching $2.30. The company’s stock had a trading volume of 61,582,760 shares, compared to its average volume of 14,209,926. Banco Bradesco S.A. has a 52 week low of $2.16 and a 52 week high of $3.65. The firm’s fifty day simple moving average is $2.47 and its two-hundred day simple moving average is $2.81. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.54.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Thursday, May 2nd. The bank reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $9.64 billion during the quarter. Banco Bradesco had a return on equity of 9.55% and a net margin of 6.70%. On average, sell-side analysts predict that Banco Bradesco S.A. will post 0.34 EPS for the current year.

Banco Bradesco Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.0035 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.84%. Banco Bradesco’s payout ratio is currently 13.04%.

Banco Bradesco Company 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.