Boston Partners lifted its stake in shares of Banco Bradesco SA (NYSE:BBD) by 56.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,810 shares of the bank’s stock after buying an additional 65,541 shares during the period. Boston Partners’ holdings in Banco Bradesco were worth $1,862,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. ETRADE Capital Management LLC boosted its position in shares of Banco Bradesco by 13.7% during the third quarter. ETRADE Capital Management LLC now owns 57,553 shares of the bank’s stock valued at $637,000 after buying an additional 6,939 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Banco Bradesco by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,020,979 shares of the bank’s stock valued at $10,455,000 after buying an additional 7,019 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Banco Bradesco by 45.5% during the third quarter. Checchi Capital Advisers LLC now owns 34,967 shares of the bank’s stock valued at $387,000 after buying an additional 10,939 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Banco Bradesco by 102.6% during the second quarter. Stifel Financial Corp now owns 21,830 shares of the bank’s stock valued at $186,000 after buying an additional 11,057 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Banco Bradesco by 17.9% during the second quarter. Ameriprise Financial Inc. now owns 75,591 shares of the bank’s stock valued at $643,000 after buying an additional 11,473 shares during the last quarter. 2.79% of the stock is currently owned by institutional investors.
BBD has been the topic of several analyst reports. ValuEngine cut Banco Bradesco from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised Banco Bradesco from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Citigroup raised Banco Bradesco from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. Finally, JPMorgan Chase & Co. raised Banco Bradesco from a “neutral” rating to an “overweight” rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $12.20.
Banco Bradesco (NYSE:BBD) last issued its quarterly earnings results on Thursday, February 1st. The bank reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. The business had revenue of $9.90 billion for the quarter, compared to analyst estimates of $8.20 billion. Banco Bradesco had a return on equity of 17.44% and a net margin of 9.87%. equities analysts expect that Banco Bradesco SA will post 0.96 EPS for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 5th will be issued a dividend of $0.005 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a yield of 0.000438212094653812%. Banco Bradesco’s dividend payout ratio (DPR) is currently 7.91%.
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Banco Bradesco 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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