Banco Bradesco SA (BBD) Position Raised by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI boosted its stake in Banco Bradesco SA (NYSE:BBD) by 60.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 113,648 shares of the bank’s stock after purchasing an additional 42,690 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Banco Bradesco SA were worth $966,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BBD. Stifel Financial Corp acquired a new stake in Banco Bradesco SA in the 1st quarter valued at approximately $109,000. Ronald Blue & Co. LLC increased its holdings in Banco Bradesco SA by 4.4% in the 1st quarter. Ronald Blue & Co. LLC now owns 10,961 shares of the bank’s stock valued at $112,000 after purchasing an additional 466 shares during the last quarter. US Bancorp DE increased its holdings in Banco Bradesco SA by 4.4% in the 1st quarter. US Bancorp DE now owns 10,993 shares of the bank’s stock valued at $113,000 after purchasing an additional 468 shares during the last quarter. Koch Industries Inc. acquired a new stake in Banco Bradesco SA in the 1st quarter valued at approximately $114,000. Finally, ZWJ Investment Counsel Inc. increased its holdings in Banco Bradesco SA by 1.4% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 15,596 shares of the bank’s stock valued at $133,000 after purchasing an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 2.65% of the company’s stock.

Banco Bradesco SA (NYSE BBD) opened at 11.50 on Friday. The firm has a market cap of $69.98 billion, a P/E ratio of 12.58 and a beta of 1.75. Banco Bradesco SA has a 1-year low of $7.15 and a 1-year high of $11.65. The firm has a 50 day moving average of $10.59 and a 200 day moving average of $9.43.

The company also recently declared a special dividend, which will be paid on Monday, November 13th. Investors of record on Wednesday, October 4th will be issued a dividend of $0.0061 per share. This represents a yield of 0.64%. This is a positive change from Banco Bradesco SA’s previous special dividend of $0.01. The ex-dividend date of this dividend is Tuesday, October 3rd. Banco Bradesco SA’s dividend payout ratio (DPR) is presently 7.86%.

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BBD has been the subject of several research reports. Goldman Sachs Group, Inc. (The) upgraded shares of Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company in a research note on Monday, September 11th. ValuEngine downgraded shares of Banco Bradesco SA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. BidaskClub upgraded shares of Banco Bradesco SA from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Scotiabank upgraded shares of Banco Bradesco SA from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.20.

Banco Bradesco SA Company Profile

Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

Institutional Ownership by Quarter for Banco Bradesco SA (NYSE:BBD)

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