US Bancorp DE Has $34,000 Stock Holdings in Banco Bradesco SA $BBD

US Bancorp DE lowered its position in shares of Banco Bradesco SA (NYSE:BBD) by 26.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,366 shares of the bank’s stock after selling 5,555 shares during the quarter. US Bancorp DE’s holdings in Banco Bradesco were worth $34,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BBD. JPMorgan Chase & Co. boosted its position in Banco Bradesco by 190.2% during the 4th quarter. JPMorgan Chase & Co. now owns 797,387 shares of the bank’s stock worth $1,523,000 after acquiring an additional 522,597 shares during the last quarter. Wells Fargo & Company MN boosted its position in Banco Bradesco by 10,645.5% during the 4th quarter. Wells Fargo & Company MN now owns 332,143 shares of the bank’s stock worth $634,000 after acquiring an additional 329,052 shares during the last quarter. Invesco Ltd. boosted its position in Banco Bradesco by 16.4% during the 4th quarter. Invesco Ltd. now owns 311,020 shares of the bank’s stock worth $594,000 after acquiring an additional 43,848 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Banco Bradesco during the 4th quarter worth approximately $3,222,000. Finally, Barclays PLC boosted its position in Banco Bradesco by 390.5% during the 4th quarter. Barclays PLC now owns 2,283,064 shares of the bank’s stock worth $4,361,000 after acquiring an additional 1,817,619 shares during the last quarter.

Banco Bradesco Stock Down 5.5%

BBD opened at $2.8550 on Wednesday. Banco Bradesco SA has a 1-year low of $1.84 and a 1-year high of $3.13. The stock’s fifty day simple moving average is $2.94 and its 200 day simple moving average is $2.55. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. The stock has a market cap of $30.38 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 0.41 and a beta of 0.68.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $32.70 billion. Banco Bradesco had a return on equity of 12.96% and a net margin of 9.76%. As a group, research analysts expect that Banco Bradesco SA will post 0.37 earnings per share for the current year.

Banco Bradesco Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 11th. Shareholders of record on Wednesday, August 6th will be given a dividend of $0.0023 per share. This represents a yield of 99.0%. The ex-dividend date is Tuesday, August 5th. This is a positive change from Banco Bradesco’s previous dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is 5.71%.

Analyst Ratings Changes

BBD has been the subject of a number of recent research reports. Bank of America raised Banco Bradesco from a “neutral” rating to a “buy” rating in a research report on Thursday, May 8th. Citigroup raised Banco Bradesco from a “hold” rating to a “buy” rating in a report on Wednesday, May 28th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Banco Bradesco has an average rating of “Hold” and an average price target of $2.40.

About Banco Bradesco

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.