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

Baillie Gifford & Co. lowered its position in shares of Banco Bradesco S.A. (NYSE:BBD) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,741,854 shares of the bank’s stock after selling 1,277,907 shares during the quarter. Baillie Gifford & Co. owned 0.29% of Banco Bradesco worth $58,717,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in Banco Bradesco in the 2nd quarter valued at about $68,000. Inspire Advisors LLC raised its holdings in shares of Banco Bradesco by 18.5% in the 3rd quarter. Inspire Advisors LLC now owns 64,816 shares of the bank’s stock worth $172,000 after purchasing an additional 10,096 shares in the last quarter. Net Worth Advisory Group acquired a new stake in Banco Bradesco during the third quarter valued at approximately $216,000. Blue Trust Inc. boosted its holdings in Banco Bradesco by 99.9% during the third quarter. Blue Trust Inc. now owns 11,254 shares of the bank’s stock worth $30,000 after buying an additional 5,623 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its position in Banco Bradesco by 110.5% in the third quarter. Eagle Bay Advisors LLC now owns 20,000 shares of the bank’s stock worth $54,000 after buying an additional 10,500 shares during the last quarter.

Banco Bradesco Trading Up 3.6 %

Banco Bradesco stock opened at $2.17 on Tuesday. Banco Bradesco S.A. has a 52 week low of $1.84 and a 52 week high of $2.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $23.04 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 0.28 and a beta of 0.94. The company has a 50 day moving average price of $2.00 and a 200 day moving average price of $2.38.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Friday, February 7th. The bank reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a return on equity of 10.17% and a net margin of 7.43%. Research analysts forecast that Banco Bradesco S.A. will post 0.33 EPS for the current year.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 7th will be issued a $0.0033 dividend. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Friday, March 7th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.82%. Banco Bradesco’s dividend payout ratio is currently 11.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. HSBC upgraded Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price objective for the company in a research report on Monday, January 13th. The Goldman Sachs Group downgraded Banco Bradesco from a “buy” rating to a “sell” rating and reduced their target price for the company from $2.40 to $2.00 in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut Banco Bradesco from an “overweight” rating to a “neutral” rating in a research note on Monday, November 25th.

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.