Sapient Capital LLC Buys Shares of 29,843 Banco Bradesco S.A. (NYSE:BBD)

Sapient Capital LLC bought a new stake in shares of Banco Bradesco S.A. (NYSE:BBD) during the 4th quarter, Holdings Channel reports. The firm bought 29,843 shares of the bank’s stock, valued at approximately $104,000.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in Banco Bradesco by 13.3% during the 3rd quarter. American Century Companies Inc. now owns 2,454,501 shares of the bank’s stock valued at $6,995,000 after acquiring an additional 288,728 shares in the last quarter. AQR Capital Management LLC raised its stake in Banco Bradesco by 35.6% during the 3rd quarter. AQR Capital Management LLC now owns 2,929,843 shares of the bank’s stock valued at $8,350,000 after acquiring an additional 769,579 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Banco Bradesco in the 3rd quarter worth $88,000. O Shaughnessy Asset Management LLC raised its stake in shares of Banco Bradesco by 9.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 152,385 shares of the bank’s stock worth $434,000 after buying an additional 13,084 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Banco Bradesco by 54.8% in the 4th quarter. Ballentine Partners LLC now owns 39,301 shares of the bank’s stock worth $138,000 after buying an additional 13,908 shares in the last quarter.

Banco Bradesco Price Performance

Shares of NYSE BBD opened at $2.65 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s fifty day simple moving average is $2.81 and its 200 day simple moving average is $3.04. Banco Bradesco S.A. has a 52-week low of $2.61 and a 52-week high of $3.68.

Banco Bradesco Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 9th. Investors of record on Wednesday, April 3rd will be issued a $0.0038 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, April 2nd. Banco Bradesco’s payout ratio is 14.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. The Goldman Sachs Group raised Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price objective on the stock in a research note on Tuesday, February 20th. Jefferies Financial Group downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, HSBC downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th.

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.