Tredje AP fonden Buys Shares of 12,630,000 Banco Bradesco SA $BBD

Tredje AP fonden bought a new stake in shares of Banco Bradesco SA (NYSE:BBD) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 12,630,000 shares of the bank’s stock, valued at approximately $42,689,000. Tredje AP fonden owned about 0.12% of Banco Bradesco at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in Banco Bradesco by 100.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock valued at $27,000 after acquiring an additional 4,353 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Banco Bradesco in the 2nd quarter worth about $42,000. Osaic Holdings Inc. raised its stake in shares of Banco Bradesco by 34.7% in the 2nd quarter. Osaic Holdings Inc. now owns 16,915 shares of the bank’s stock valued at $52,000 after purchasing an additional 4,355 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Banco Bradesco during the second quarter worth about $54,000. Finally, Sivia Capital Partners LLC bought a new position in shares of Banco Bradesco during the second quarter worth about $62,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Banco Bradesco in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Banco Bradesco Stock Performance

Shares of NYSE BBD opened at $4.20 on Friday. Banco Bradesco SA has a 12-month low of $1.93 and a 12-month high of $4.28. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.45 and a quick ratio of 1.12. The stock’s 50 day simple moving average is $3.69 and its 200 day simple moving average is $3.42.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%.The firm had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.68 billion. Research analysts expect that Banco Bradesco SA will post 0.37 earnings per share for the current year.

Banco Bradesco Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be given a $0.0036 dividend. The ex-dividend date is Wednesday, March 4th. This represents a c) annualized dividend and a yield of 1.0%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s payout ratio is 7.69%.

About Banco Bradesco

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.