SG Americas Securities LLC Has $119,000 Holdings in Banco Bradesco S.A. (NYSE:BBD)

SG Americas Securities LLC lifted its holdings in Banco Bradesco S.A. (NYSE:BBD) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,102 shares of the bank’s stock after purchasing an additional 4,319 shares during the period. SG Americas Securities LLC’s holdings in Banco Bradesco were worth $119,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BBD. Natixis acquired a new stake in shares of Banco Bradesco in the 4th quarter valued at $26,000. LGT Group Foundation bought a new position in Banco Bradesco in the 3rd quarter worth $30,000. CI Private Wealth LLC bought a new position in Banco Bradesco in the 4th quarter worth $32,000. TIAA Trust National Association bought a new position in Banco Bradesco in the 3rd quarter worth $35,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Banco Bradesco in the 3rd quarter worth $36,000.

Banco Bradesco Trading Down 0.8 %

Shares of BBD opened at $2.63 on Friday. The company’s fifty day moving average price is $2.80 and its 200 day moving average price is $3.04. Banco Bradesco S.A. has a one year low of $2.60 and a one year high of $3.68. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84.

Banco Bradesco Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.0036 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.04 annualized dividend and a dividend yield of 1.65%. Banco Bradesco’s payout ratio is 14.29%.

Wall Street Analyst Weigh In

Several research analysts recently commented on BBD shares. Jefferies Financial Group downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Friday, February 9th. HSBC downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, The Goldman Sachs Group upgraded shares of Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 target price on the stock in a report on Tuesday, February 20th.

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.