United Capital Financial Advisers LLC boosted its stake in Banco Bradesco SA (NYSE:BBD) by 27.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,928 shares of the bank’s stock after buying an additional 4,073 shares during the period. United Capital Financial Advisers LLC’s holdings in Banco Bradesco SA were worth $194,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BBD. KCG Holdings Inc. boosted its position in Banco Bradesco SA by 43.5% in the first quarter. KCG Holdings Inc. now owns 169,592 shares of the bank’s stock worth $1,737,000 after buying an additional 51,447 shares in the last quarter. BlackRock Inc. boosted its position in shares of Banco Bradesco SA by 6,852.4% in the first quarter. BlackRock Inc. now owns 39,254,732 shares of the bank’s stock valued at $401,969,000 after buying an additional 38,690,111 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Banco Bradesco SA by 49.5% in the first quarter. Dimensional Fund Advisors LP now owns 6,676,183 shares of the bank’s stock valued at $68,367,000 after buying an additional 2,209,813 shares during the period. Capital Growth Management LP acquired a new position in shares of Banco Bradesco SA during the first quarter valued at about $35,840,000. Finally, Vanguard Group Inc. boosted its position in shares of Banco Bradesco SA by 5.3% in the first quarter. Vanguard Group Inc. now owns 32,806,678 shares of the bank’s stock valued at $335,940,000 after buying an additional 1,658,539 shares during the period. Institutional investors own 2.73% of the company’s stock.
Banco Bradesco SA (NYSE BBD) traded down 0.699% during midday trading on Monday, hitting $9.235. 1,165,719 shares of the stock traded hands. The company has a 50-day moving average of $8.54 and a 200-day moving average of $8.94. The stock has a market cap of $56.20 billion, a PE ratio of 10.400 and a beta of 1.75. Banco Bradesco SA has a 12 month low of $7.15 and a 12 month high of $10.37.
Banco Bradesco SA (NYSE:BBD) last announced its quarterly earnings data on Thursday, April 27th. The bank reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. The business had revenue of $13.25 billion during the quarter. Banco Bradesco SA had a return on equity of 17.32% and a net margin of 9.08%. On average, equities research analysts anticipate that Banco Bradesco SA will post $0.94 earnings per share for the current year.
The business also recently announced a special dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 4th will be issued a dividend of $0.0058 per share. This represents a dividend yield of 7.47%. The ex-dividend date of this dividend is Wednesday, August 2nd. Banco Bradesco SA’s dividend payout ratio (DPR) is presently 76.87%.
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Several brokerages recently issued reports on BBD. Zacks Investment Research lowered shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. ValuEngine upgraded shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Scotiabank upgraded shares of Banco Bradesco SA from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 11th. Finally, BidaskClub upgraded shares of Banco Bradesco SA from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $10.65.
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.
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