Banco Bradesco S.A. (NYSE:BBD) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in Banco Bradesco S.A. (NYSE:BBD) by 390.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,283,064 shares of the bank’s stock after acquiring an additional 1,817,619 shares during the period. Barclays PLC’s holdings in Banco Bradesco were worth $4,361,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. R Squared Ltd acquired a new stake in Banco Bradesco during the 4th quarter valued at $30,000. Traveka Wealth LLC acquired a new stake in Banco Bradesco during the 4th quarter valued at $31,000. Peapack Gladstone Financial Corp grew its holdings in Banco Bradesco by 54.5% during the 4th quarter. Peapack Gladstone Financial Corp now owns 17,012 shares of the bank’s stock valued at $32,000 after purchasing an additional 6,000 shares in the last quarter. Blue Trust Inc. grew its holdings in Banco Bradesco by 78.2% during the 4th quarter. Blue Trust Inc. now owns 20,055 shares of the bank’s stock valued at $38,000 after purchasing an additional 8,801 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in Banco Bradesco by 27.2% during the 4th quarter. HighTower Advisors LLC now owns 25,317 shares of the bank’s stock valued at $48,000 after purchasing an additional 5,421 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BBD shares. The Goldman Sachs Group lowered shares of Banco Bradesco from a “buy” rating to a “sell” rating and lowered their price target for the company from $2.40 to $2.00 in a report on Wednesday, February 12th. HSBC upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price objective on the stock in a research note on Monday, January 13th.

Banco Bradesco Trading Up 0.4 %

NYSE BBD opened at $2.39 on Monday. Banco Bradesco S.A. has a 12 month low of $1.84 and a 12 month high of $2.96. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. The company has a market capitalization of $25.43 billion, a price-to-earnings ratio of 7.97, a price-to-earnings-growth ratio of 0.32 and a beta of 0.56. The company’s fifty day moving average price is $2.15 and its two-hundred day moving average price is $2.17.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Friday, February 7th. The bank reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. As a group, research analysts predict that Banco Bradesco S.A. will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 7th. Shareholders of record on Wednesday, April 2nd will be issued a $0.0398 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 19.96%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is currently 6.67%.

Banco Bradesco 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.