BNP Paribas Financial Markets Has $3.61 Million Stake in Banco Bradesco S.A. (NYSE:BBD)

BNP Paribas Financial Markets trimmed its holdings in shares of Banco Bradesco S.A. (NYSE:BBDFree Report) by 60.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,356,244 shares of the bank’s stock after selling 2,076,524 shares during the period. BNP Paribas Financial Markets’ holdings in Banco Bradesco were worth $3,608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its holdings in Banco Bradesco by 170.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 87,965,525 shares of the bank’s stock valued at $233,988,000 after purchasing an additional 55,444,555 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Banco Bradesco by 19.2% during the 3rd quarter. Fisher Asset Management LLC now owns 75,833,254 shares of the bank’s stock valued at $201,716,000 after purchasing an additional 12,228,662 shares in the last quarter. Itau Unibanco Holding S.A. boosted its position in Banco Bradesco by 17.5% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 23,989,150 shares of the bank’s stock valued at $51,963,000 after buying an additional 3,577,428 shares during the last quarter. Sei Investments Co. boosted its position in Banco Bradesco by 1.9% in the 2nd quarter. Sei Investments Co. now owns 21,780,190 shares of the bank’s stock valued at $48,788,000 after buying an additional 411,616 shares during the last quarter. Finally, Doma Perpetual Capital Management LLC boosted its position in Banco Bradesco by 403.4% in the 2nd quarter. Doma Perpetual Capital Management LLC now owns 11,203,738 shares of the bank’s stock valued at $25,096,000 after buying an additional 8,978,150 shares during the last quarter.

Banco Bradesco Stock Up 1.4 %

Shares of BBD opened at $2.07 on Thursday. Banco Bradesco S.A. has a 52 week low of $2.02 and a 52 week high of $3.65. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average price is $2.49 and its two-hundred day moving average price is $2.50.

Banco Bradesco (NYSE:BBDGet Free Report) last posted its quarterly earnings results on Thursday, October 31st. The bank reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Banco Bradesco had a return on equity of 10.17% and a net margin of 7.43%. The business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $5.62 billion. As a group, equities analysts forecast that Banco Bradesco S.A. will post 0.34 EPS for the current year.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be given a $0.0033 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 dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, December 4th. Banco Bradesco’s dividend payout ratio (DPR) is currently 11.54%.

Analysts Set New Price Targets

A number of research analysts have commented on BBD shares. JPMorgan Chase & Co. lowered Banco Bradesco from an “overweight” rating to a “neutral” rating in a research report on Monday, November 25th. The Goldman Sachs Group upgraded Banco Bradesco from a “neutral” rating to a “buy” rating and increased their price objective for the company from $2.50 to $3.20 in a research report on Monday, August 19th.

Get Our Latest Stock Analysis on Banco Bradesco

Banco Bradesco Company Profile

(Free Report)

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.

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

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