US Bancorp DE Has $705,000 Stock Position in Banco Bradesco S.A. (NYSE:BBD)

US Bancorp DE lifted its position in shares of Banco Bradesco S.A. (NYSE:BBD) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 265,199 shares of the bank’s stock after purchasing an additional 30,490 shares during the quarter. US Bancorp DE’s holdings in Banco Bradesco were worth $705,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Banco Santander S.A. lifted its position in Banco Bradesco by 348.4% in the first quarter. Banco Santander S.A. now owns 1,692,954 shares of the bank’s stock worth $4,842,000 after purchasing an additional 1,315,380 shares during the period. Boston Partners acquired a new position in shares of Banco Bradesco in the 1st quarter valued at $681,000. Sei Investments Co. lifted its holdings in shares of Banco Bradesco by 1.9% during the 2nd quarter. Sei Investments Co. now owns 21,780,190 shares of the bank’s stock worth $48,788,000 after acquiring an additional 411,616 shares during the period. Marshall Wace LLP boosted its position in shares of Banco Bradesco by 6,437.5% during the 2nd quarter. Marshall Wace LLP now owns 7,904,153 shares of the bank’s stock valued at $17,705,000 after acquiring an additional 7,783,248 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Banco Bradesco by 287.1% in the first quarter. BNP Paribas Financial Markets now owns 1,534,821 shares of the bank’s stock valued at $4,390,000 after acquiring an additional 1,138,279 shares during the period.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Banco Bradesco from a “neutral” rating to a “buy” rating and raised their price target for the stock from $2.50 to $3.20 in a research note on Monday, August 19th.

Banco Bradesco Price Performance

Shares of NYSE:BBD opened at $2.34 on Friday. The business’s fifty day moving average price is $2.66 and its two-hundred day moving average price is $2.55. Banco Bradesco S.A. has a fifty-two week low of $2.16 and a fifty-two week high of $3.65. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Thursday, October 31st. The bank reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%. The business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $5.62 billion. Sell-side analysts anticipate that Banco Bradesco S.A. will post 0.34 earnings per share for the current year.

Banco Bradesco Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.0033 per share. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 1.69%. Banco Bradesco’s dividend payout ratio (DPR) is presently 11.54%.

Banco Bradesco 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.