Simplicity Wealth LLC Boosts Stake in Banco Bradesco S.A. (NYSE:BBD)

Simplicity Wealth LLC increased its holdings in shares of Banco Bradesco S.A. (NYSE:BBD) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,032 shares of the bank’s stock after acquiring an additional 8,165 shares during the period. Simplicity Wealth LLC’s holdings in Banco Bradesco were worth $173,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BBD. SG Americas Securities LLC grew its stake in shares of Banco Bradesco by 14.5% during the 4th quarter. SG Americas Securities LLC now owns 34,102 shares of the bank’s stock worth $119,000 after purchasing an additional 4,319 shares during the period. Raymond James & Associates boosted its holdings in Banco Bradesco by 23.4% during the fourth quarter. Raymond James & Associates now owns 110,233 shares of the bank’s stock worth $386,000 after buying an additional 20,887 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in Banco Bradesco during the fourth quarter worth about $161,000. Cerity Partners LLC increased its holdings in Banco Bradesco by 39.3% in the fourth quarter. Cerity Partners LLC now owns 52,003 shares of the bank’s stock valued at $182,000 after buying an additional 14,684 shares in the last quarter. Finally, Sapient Capital LLC acquired a new stake in shares of Banco Bradesco during the 4th quarter valued at approximately $104,000.

Banco Bradesco Stock Performance

BBD opened at $2.68 on Tuesday. Banco Bradesco S.A. has a 1-year low of $2.16 and a 1-year high of $3.65. The stock has a market cap of $28.56 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.24 and a beta of 0.97. The stock’s 50 day simple moving average is $2.34 and its 200 day simple moving average is $2.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.77 and a quick ratio of 0.77.

Banco Bradesco Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Monday, August 5th will be issued a $0.0035 dividend. This represents a $0.04 annualized dividend and a yield of 1.55%. The ex-dividend date is Monday, August 5th. Banco Bradesco’s dividend payout ratio (DPR) is 13.04%.

Banco Bradesco Company 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.