Banco Bradesco SA $BBD Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its position in Banco Bradesco SA (NYSE:BBD) by 6.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,865,375 shares of the bank’s stock after acquiring an additional 351,829 shares during the quarter. American Century Companies Inc. owned 0.06% of Banco Bradesco worth $13,080,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Simplicity Wealth LLC acquired a new position in shares of Banco Bradesco in the 1st quarter worth approximately $26,000. BSW Wealth Partners bought a new stake in shares of Banco Bradesco in the 1st quarter worth approximately $29,000. Merit Financial Group LLC bought a new stake in shares of Banco Bradesco in the 1st quarter worth approximately $37,000. Stifel Financial Corp bought a new stake in shares of Banco Bradesco in the 4th quarter worth approximately $39,000. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of Banco Bradesco in the 1st quarter worth approximately $41,000.

Banco Bradesco Stock Up 0.7%

Shares of Banco Bradesco stock opened at $3.00 on Tuesday. The business’s fifty day moving average price is $2.94 and its two-hundred day moving average price is $2.57. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $31.93 billion, a P/E ratio of 8.57, a PEG ratio of 0.41 and a beta of 0.68. Banco Bradesco SA has a 1-year low of $1.84 and a 1-year high of $3.13.

Banco Bradesco (NYSE:BBD) last announced its earnings results on Wednesday, July 30th. The bank reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate 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 forecast that Banco Bradesco SA will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on BBD shares. Citigroup raised Banco Bradesco from a “hold” rating to a “buy” rating in a report on Wednesday, May 28th. Bank of America raised Banco Bradesco from a “neutral” rating to a “buy” rating in a report on Thursday, May 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Banco Bradesco presently has an average rating of “Hold” and an average price target of $2.40.

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.