BB Seguridade Participações (OTCMKTS:BBSEY) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of BB Seguridade Participações (OTCMKTS:BBSEY) from a hold rating to a strong-buy rating in a report issued on Monday morning, Zacks.com reports.

BB Seguridade Participações Trading Up 1.7 %

Shares of BBSEY stock opened at $6.55 on Monday. BB Seguridade Participações has a 12-month low of $5.73 and a 12-month high of $7.67. The company has a market cap of $13.10 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 1.92 and a beta of 0.99. The stock has a 50 day simple moving average of $6.44 and a 200-day simple moving average of $6.34.

BB Seguridade Participações (OTCMKTS:BBSEY) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.21 EPS for the quarter. BB Seguridade Participações had a net margin of 85.25% and a return on equity of 78.54%. The firm had revenue of $483.13 million for the quarter. On average, equities analysts forecast that BB Seguridade Participações will post 0.69 earnings per share for the current fiscal year.

BB Seguridade Participações Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, September 9th. Investors of record on Tuesday, August 20th were issued a $0.2127 dividend. The ex-dividend date was Monday, August 19th. This represents a yield of 3.16%. BB Seguridade Participações’s payout ratio is 51.81%.

BB Seguridade Participações Company Profile

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.