Virtu Financial LLC lowered its holdings in Banco Bradesco SA (NYSE:BBD) by 40.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,475 shares of the bank’s stock after selling 30,538 shares during the period. Virtu Financial LLC’s holdings in Banco Bradesco were worth $455,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in shares of Banco Bradesco by 230.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 49,215 shares of the bank’s stock valued at $504,000 after purchasing an additional 34,341 shares during the period. First Trust Advisors LP boosted its stake in shares of Banco Bradesco by 21.1% during the 4th quarter. First Trust Advisors LP now owns 224,116 shares of the bank’s stock worth $2,295,000 after acquiring an additional 39,022 shares in the last quarter. Barings LLC bought a new stake in shares of Banco Bradesco during the 4th quarter worth $12,615,000. Sei Investments Co. boosted its stake in shares of Banco Bradesco by 3.7% during the 4th quarter. Sei Investments Co. now owns 3,354,738 shares of the bank’s stock worth $34,411,000 after acquiring an additional 120,669 shares in the last quarter. Finally, Shelton Capital Management boosted its position in shares of Banco Bradesco by 17.1% in the fourth quarter. Shelton Capital Management now owns 203,357 shares of the bank’s stock worth $2,082,000 after buying an additional 29,658 shares during the period. 2.88% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on BBD shares. JPMorgan Chase & Co. raised Banco Bradesco from a “neutral” rating to an “overweight” rating in a research report on Monday, January 22nd. Citigroup upgraded Banco Bradesco from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. ValuEngine upgraded Banco Bradesco from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research lowered Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $12.20.
Shares of Banco Bradesco SA (BBD) traded down $0.03 on Wednesday, hitting $11.85. 5,376,502 shares of the stock traded hands, compared to its average volume of 9,082,980. The company has a market capitalization of $71,310.00, a PE ratio of 13.02 and a beta of 1.87. Banco Bradesco SA has a 12 month low of $7.83 and a 12 month high of $13.18.
Banco Bradesco (NYSE:BBD) last issued its earnings results on Thursday, February 1st. The bank reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $9.90 billion for the quarter, compared to analyst estimates of $8.20 billion. Banco Bradesco had a net margin of 9.87% and a return on equity of 17.44%. research analysts predict that Banco Bradesco SA will post 0.95 earnings per share for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Wednesday, April 4th will be issued a dividend of $0.0058 per share. The ex-dividend date is Tuesday, April 3rd. This is a positive change from Banco Bradesco’s previous special dividend of $0.01. Banco Bradesco’s payout ratio is 6.59%.
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Banco Bradesco 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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