Banco Bradesco S.A. (NYSE:BBD) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its stake in shares of Banco Bradesco S.A. (NYSE:BBD) by 2.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 347,744 shares of the bank’s stock after acquiring an additional 8,963 shares during the period. LPL Financial LLC’s holdings in Banco Bradesco were worth $1,203,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Natixis acquired a new position in Banco Bradesco during the 4th quarter worth approximately $26,000. Inspire Investing LLC acquired a new position in Banco Bradesco during the 2nd quarter worth approximately $37,000. Ieq Capital LLC acquired a new position in Banco Bradesco during the 1st quarter worth approximately $29,000. CI Private Wealth LLC acquired a new position in shares of Banco Bradesco in the 4th quarter valued at approximately $32,000. Finally, Simplicity Solutions LLC acquired a new position in shares of Banco Bradesco in the 1st quarter valued at approximately $31,000. 1.84% of the stock is owned by institutional investors and hedge funds.

Banco Bradesco Stock Performance

Shares of BBD opened at $3.20 on Friday. The business’s 50 day moving average is $2.93 and its two-hundred day moving average is $3.14. Banco Bradesco S.A. has a 52-week low of $2.34 and a 52-week high of $3.68. The firm has a market cap of $34.11 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.60 and a beta of 0.93. The company has a quick ratio of 0.72, a current ratio of 0.70 and a debt-to-equity ratio of 2.19.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, December 5th will be issued a $0.0039 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.46%. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Monday, December 4th. Banco Bradesco’s payout ratio is 14.29%.

Analyst Ratings Changes

Separately, Jefferies Financial Group started coverage on Banco Bradesco in a research report on Monday, October 16th. They issued a “buy” rating and a $3.50 target price on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.07.

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; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.