Virtu Financial LLC Trims Stock Position in Banco Bradesco S.A. (NYSE:BBDO)

Virtu Financial LLC trimmed its holdings in Banco Bradesco S.A. (NYSE:BBDO) by 61.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,704 shares of the bank’s stock after selling 16,858 shares during the quarter. Virtu Financial LLC’s holdings in Banco Bradesco were worth $26,000 at the end of the most recent quarter.

Banco Bradesco Price Performance

NYSE:BBDO opened at $1.83 on Friday. Banco Bradesco S.A. has a 52 week low of $1.71 and a 52 week high of $3.20. The stock’s fifty day moving average is $2.09 and its two-hundred day moving average is $2.22. The company has a market capitalization of $19.48 billion, a P/E ratio of 7.04 and a beta of 1.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.36.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be issued a $0.003 dividend. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, December 4th. Banco Bradesco’s payout ratio is 7.69%.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.