JPMorgan Chase & Co. Increases Holdings in Banco Bradesco SA $BBD

JPMorgan Chase & Co. lifted its holdings in Banco Bradesco SA (NYSE:BBD) by 536.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,144,997 shares of the bank’s stock after acquiring an additional 5,180,038 shares during the period. JPMorgan Chase & Co. owned 0.06% of Banco Bradesco worth $20,770,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in Banco Bradesco by 100.5% during the 2nd 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. Brooklyn Investment Group boosted its stake in Banco Bradesco by 1,276.5% in the 3rd quarter. Brooklyn Investment Group now owns 10,613 shares of the bank’s stock worth $36,000 after purchasing an additional 9,842 shares during the period. Boothbay Fund Management LLC purchased a new stake in Banco Bradesco during the 2nd quarter valued at approximately $42,000. Ausdal Financial Partners Inc. purchased a new stake in Banco Bradesco during the 3rd quarter valued at approximately $47,000. Finally, Osaic Holdings Inc. raised its position in shares of Banco Bradesco by 34.7% during the second quarter. Osaic Holdings Inc. now owns 16,915 shares of the bank’s stock valued at $52,000 after buying an additional 4,355 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently commented on BBD. Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a report on Monday, December 29th. Itau BBA Securities reaffirmed an “outperform” rating on shares of Banco Bradesco in a research note on Friday, February 27th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Banco Bradesco Trading Down 1.3%

NYSE BBD opened at $3.55 on Wednesday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.12 and a current ratio of 1.45. Banco Bradesco SA has a 1-year low of $1.98 and a 1-year high of $4.28. The business has a 50 day simple moving average of $3.87 and a two-hundred day simple moving average of $3.55.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings data on Friday, February 6th. The bank reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%. On average, sell-side analysts anticipate that Banco Bradesco SA will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, April 6th will be paid a dividend of $0.0037 per share. The ex-dividend date of this dividend is Monday, April 6th. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a yield of 1.2%. Banco Bradesco’s payout ratio is currently 7.69%.

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.