Natixis Advisors LLC Has $697,000 Stock Position in Banco Bradesco S.A. (NYSE:BBD)

Natixis Advisors LLC boosted its holdings in shares of Banco Bradesco S.A. (NYSE:BBD) by 12.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 262,107 shares of the bank’s stock after acquiring an additional 27,993 shares during the quarter. Natixis Advisors LLC’s holdings in Banco Bradesco were worth $697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Boston Partners acquired a new stake in shares of Banco Bradesco during the 1st quarter valued at about $681,000. Sei Investments Co. lifted its stake in Banco Bradesco by 1.9% in the second quarter. Sei Investments Co. now owns 21,780,190 shares of the bank’s stock valued at $48,788,000 after acquiring an additional 411,616 shares during the last quarter. Marshall Wace LLP increased its stake 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 worth $17,705,000 after purchasing an additional 7,783,248 shares during the last quarter. Oaktree Fund Advisors LLC increased its stake in shares of Banco Bradesco by 1.0% during the 2nd quarter. Oaktree Fund Advisors LLC now owns 3,724,611 shares of the bank’s stock worth $8,343,000 after purchasing an additional 35,111 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in shares of Banco Bradesco by 67.3% during the 2nd quarter. Atomi Financial Group Inc. now owns 89,818 shares of the bank’s stock valued at $201,000 after purchasing an additional 36,125 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on BBD. JPMorgan Chase & Co. downgraded shares of Banco Bradesco from an “overweight” rating to a “neutral” rating in a research report on Monday. The Goldman Sachs Group upgraded Banco Bradesco from a “neutral” rating to a “buy” rating and upped 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 Banco Bradesco stock opened at $2.26 on Thursday. Banco Bradesco S.A. has a 1-year low of $2.16 and a 1-year high of $3.65. The firm has a fifty day simple moving average of $2.54 and a 200-day simple moving average of $2.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings results on Thursday, October 31st. The bank reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%. As a group, research analysts expect that Banco Bradesco S.A. will post 0.34 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be issued a $0.0033 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 1.75%. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is 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.