Banco Bradesco S.A. (NYSE:BBD) Stock Holdings Lifted by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. raised its stake in Banco Bradesco S.A. (NYSE:BBD) by 135.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,675 shares of the bank’s stock after buying an additional 15,911 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Banco Bradesco were worth $53,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of BBD. ARGA Investment Management LP increased its holdings in shares of Banco Bradesco by 215.1% in the fourth quarter. ARGA Investment Management LP now owns 82,839,944 shares of the bank’s stock valued at $158,224,000 after buying an additional 56,552,808 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Banco Bradesco by 170.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 87,965,525 shares of the bank’s stock valued at $233,988,000 after buying an additional 55,444,555 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Banco Bradesco in the third quarter valued at $104,542,000. Itau Unibanco Holding S.A. increased its holdings in shares of Banco Bradesco by 56.8% in the third quarter. Itau Unibanco Holding S.A. now owns 37,616,918 shares of the bank’s stock valued at $100,061,000 after buying an additional 13,627,768 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Banco Bradesco by 19.2% in the third quarter. Fisher Asset Management LLC now owns 75,833,254 shares of the bank’s stock valued at $201,716,000 after buying an additional 12,228,662 shares in the last quarter.

Banco Bradesco Trading Up 0.2 %

NYSE BBD opened at $2.07 on Monday. Banco Bradesco S.A. has a twelve month low of $1.84 and a twelve month high of $2.98. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.72 and a current ratio of 1.01. The stock has a market cap of $21.98 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.32 and a beta of 0.94. The firm’s 50 day moving average price is $2.02 and its two-hundred day moving average price is $2.31.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Friday, February 7th. The bank reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. Equities analysts anticipate that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.0033 per share. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, March 7th. Banco Bradesco’s payout ratio is currently 6.67%.

Analyst Ratings Changes

Several research firms have issued reports on BBD. JPMorgan Chase & Co. cut Banco Bradesco from an “overweight” rating to a “neutral” rating in a report on Monday, November 25th. The Goldman Sachs Group cut shares of Banco Bradesco from a “buy” rating to a “sell” rating and lowered their price objective for the stock from $2.40 to $2.00 in a research report on Wednesday, February 12th. Finally, 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 report on Monday, January 13th.

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.