Banco Bradesco SA Target of Unusually High Options Trading (NYSE:BBD)

Banco Bradesco SA (NYSE:BBD) was the target of some unusual options trading on Wednesday. Stock traders bought 14,555 put options on the company. This represents an increase of approximately Infinity compared to the average volume of 0 put options.

Several large investors have recently made changes to their positions in the company. Aberdeen Asset Management PLC UK boosted its holdings in Banco Bradesco SA by 20.1% in the second quarter. Aberdeen Asset Management PLC UK now owns 180,676,024 shares of the bank’s stock valued at $1,535,746,000 after acquiring an additional 30,239,397 shares during the last quarter. BlackRock Inc. boosted its holdings in Banco Bradesco SA by 3.1% in the second quarter. BlackRock Inc. now owns 40,489,056 shares of the bank’s stock valued at $344,157,000 after acquiring an additional 1,234,324 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Banco Bradesco SA by 17.8% in the second quarter. Vanguard Group Inc. now owns 38,651,585 shares of the bank’s stock valued at $328,538,000 after acquiring an additional 5,844,907 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Banco Bradesco SA by 35.8% in the second quarter. Franklin Resources Inc. now owns 25,959,687 shares of the bank’s stock valued at $220,639,000 after acquiring an additional 6,842,060 shares during the last quarter. Finally, Harding Loevner LP boosted its holdings in Banco Bradesco SA by 1.2% in the third quarter. Harding Loevner LP now owns 23,884,704 shares of the bank’s stock valued at $264,404,000 after acquiring an additional 294,100 shares during the last quarter. 2.79% of the stock is owned by institutional investors and hedge funds.

BBD has been the topic of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) upgraded Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price objective on the stock in a report on Monday, September 11th. Zacks Investment Research upgraded Banco Bradesco SA from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. ValuEngine upgraded Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub raised Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Finally, Scotiabank cut Banco Bradesco SA from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 5th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $12.40.

Banco Bradesco SA (NYSE BBD) opened at $9.73 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $66,668.07, a price-to-earnings ratio of 10.44, a P/E/G ratio of 0.99 and a beta of 1.76. Banco Bradesco SA has a 1-year low of $7.15 and a 1-year high of $11.86.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 5th will be given a $0.0058 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Monday, December 4th. Banco Bradesco SA’s dividend payout ratio is currently 8.00%.

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About Banco Bradesco SA

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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