Euro Pacific Asset Management LLC Grows Stake in Banco Bradesco SA $BBD

Euro Pacific Asset Management LLC grew its stake in shares of Banco Bradesco SA (NYSE:BBD) by 77.6% during the first quarter, HoldingsChannel reports. The firm owned 1,057,281 shares of the bank’s stock after buying an additional 462,080 shares during the period. Euro Pacific Asset Management LLC’s holdings in Banco Bradesco were worth $3,866,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Orbis Allan Gray Ltd acquired a new position in Banco Bradesco during the 2nd quarter worth approximately $250,398,000. Franklin Resources Inc. raised its stake in shares of Banco Bradesco by 2,469.2% during the fourth quarter. Franklin Resources Inc. now owns 47,947,074 shares of the bank’s stock valued at $159,664,000 after purchasing an additional 46,080,856 shares during the period. Goldman Sachs Group Inc. lifted 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. Arrowstreet Capital Limited Partnership boosted its stake in shares of Banco Bradesco by 25.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 82,163,260 shares of the bank’s stock valued at $273,604,000 after purchasing an additional 16,908,425 shares during the period. Finally, Marshall Wace LLP grew its holdings in Banco Bradesco by 103.9% during the 3rd quarter. Marshall Wace LLP now owns 32,045,389 shares of the bank’s stock valued at $108,313,000 after purchasing an additional 16,331,155 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Banco Bradesco in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Banco Bradesco Stock Performance

Banco Bradesco stock opened at $3.54 on Friday. Banco Bradesco SA has a 52 week low of $2.73 and a 52 week high of $4.30. 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 stock has a market cap of $37.57 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.44 and a beta of 0.53. The stock has a 50 day moving average of $3.48 and a 200-day moving average of $3.69.

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

Banco Bradesco Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 5th will be paid a $0.0037 dividend. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, August 5th. Banco Bradesco’s dividend payout ratio (DPR) is 20.51%.

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.