Banco Bradesco SA $BBD Shares Sold by Amundi

Amundi lowered its stake in shares of Banco Bradesco SA (NYSE:BBD) by 7.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,280,762 shares of the bank’s stock after selling 479,482 shares during the quarter. Amundi owned approximately 0.06% of Banco Bradesco worth $14,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BBD. Samalin Investment Counsel LLC boosted its stake in Banco Bradesco by 8.8% during the 1st quarter. Samalin Investment Counsel LLC now owns 49,500 shares of the bank’s stock valued at $110,000 after acquiring an additional 4,000 shares during the last quarter. Traveka Wealth LLC raised its stake in shares of Banco Bradesco by 29.9% in the 1st quarter. Traveka Wealth LLC now owns 21,333 shares of the bank’s stock valued at $48,000 after purchasing an additional 4,910 shares in the last quarter. Inspire Advisors LLC lifted its position in shares of Banco Bradesco by 14.5% during the first quarter. Inspire Advisors LLC now owns 67,833 shares of the bank’s stock worth $151,000 after purchasing an additional 8,589 shares during the last quarter. PDS Planning Inc lifted its position in shares of Banco Bradesco by 48.2% during the first quarter. PDS Planning Inc now owns 28,765 shares of the bank’s stock worth $64,000 after purchasing an additional 9,349 shares during the last quarter. Finally, Eagle Bay Advisors LLC grew its stake in Banco Bradesco by 35.0% in the first quarter. Eagle Bay Advisors LLC now owns 37,000 shares of the bank’s stock worth $85,000 after purchasing an additional 9,600 shares in the last quarter.

Banco Bradesco Trading Down 0.3%

Banco Bradesco stock opened at $3.14 on Wednesday. Banco Bradesco SA has a 52-week low of $1.84 and a 52-week high of $3.24. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $33.42 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 0.43 and a beta of 0.76. The firm has a 50-day moving average price of $2.94 and a two-hundred day moving average price of $2.64.

Banco Bradesco (NYSE:BBD) last released 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 company 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%. Sell-side analysts expect that Banco Bradesco SA will post 0.37 earnings per share for the current year.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 3rd will be paid a $0.0035 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) annualized dividend and a dividend yield of 1.3%. Banco Bradesco’s dividend payout ratio (DPR) is currently 8.57%.

Analyst Ratings Changes

Separately, Citigroup upgraded Banco Bradesco from a “hold” rating to a “buy” rating in a research note on Wednesday, May 28th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2.40.

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.