Grantham Mayo Van Otterloo & Co. LLC Takes Position in Banco Bradesco SA $BBD

Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of Banco Bradesco SA (NYSE:BBD) during the third quarter, HoldingsChannel reports. The firm purchased 3,765,600 shares of the bank’s stock, valued at approximately $12,728,000.

Several other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in Banco Bradesco by 100.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock valued at $27,000 after purchasing an additional 4,353 shares during the period. Boothbay Fund Management LLC bought a new position in Banco Bradesco during the 2nd quarter worth $42,000. Osaic Holdings Inc. raised its position in Banco Bradesco by 34.7% during the 2nd quarter. Osaic Holdings Inc. now owns 16,915 shares of the bank’s stock worth $52,000 after purchasing an additional 4,355 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Banco Bradesco in the 2nd quarter valued at about $54,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Banco Bradesco in the second quarter valued at about $62,000.

Banco Bradesco Stock Performance

Shares of BBD opened at $3.68 on Monday. The company has a current ratio of 1.45, a quick ratio of 1.12 and a debt-to-equity ratio of 2.68. The firm’s fifty day simple moving average is $3.82 and its two-hundred day simple moving average is $3.50. Banco Bradesco SA has a 12 month low of $1.95 and a 12 month high of $4.28. The stock has a market capitalization of $39.16 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 0.45 and a beta of 0.53.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.68 billion. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%. As a group, analysts predict that Banco Bradesco SA will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.0036 per share. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, March 4th. Banco Bradesco’s payout ratio is 5.13%.

Analyst Upgrades and Downgrades

Several analysts recently commented on BBD shares. Itau BBA Securities reiterated an “outperform” rating on shares of Banco Bradesco in a report on Friday, February 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Banco Bradesco in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Banco Bradesco currently has an average rating of “Buy”.

Banco Bradesco 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.