Goldman Sachs Group Inc. Buys 181,299 Shares of Banco Bradesco SA $BBDO

Goldman Sachs Group Inc. raised its stake in Banco Bradesco SA (NYSE:BBDO) by 54.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 516,081 shares of the bank’s stock after acquiring an additional 181,299 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Banco Bradesco were worth $1,073,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. D Orazio & Associates Inc. bought a new position in Banco Bradesco in the first quarter valued at about $26,000. Aprio Wealth Management LLC bought a new position in Banco Bradesco in the 1st quarter valued at about $43,000. BSW Wealth Partners lifted its stake in Banco Bradesco by 29.7% during the 1st quarter. BSW Wealth Partners now owns 30,709 shares of the bank’s stock valued at $64,000 after acquiring an additional 7,027 shares in the last quarter. Kathmere Capital Management LLC bought a new position in shares of Banco Bradesco during the 1st quarter worth approximately $98,000. Finally, Northern Trust Corp raised its stake in shares of Banco Bradesco by 8.9% during the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank’s stock worth $211,000 after purchasing an additional 9,627 shares during the period.

Banco Bradesco Trading Down 0.7%

NYSE:BBDO opened at $2.88 on Monday. Banco Bradesco SA has a 12 month low of $1.71 and a 12 month high of $2.91. The firm’s 50 day moving average is $2.60 and its 200 day moving average is $2.41. The stock has a market capitalization of $30.65 billion, a PE ratio of 8.23 and a beta of 0.84. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63.

Banco Bradesco (NYSE:BBDO) last posted its earnings results on Wednesday, July 30th. The bank reported $0.10 earnings per share (EPS) for the quarter. Banco Bradesco had a return on equity of 12.96% and a net margin of 9.76%.

Banco Bradesco Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.0032 per share. The ex-dividend date is Wednesday, September 3rd. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) dividend on an annualized basis and a yield of 1.3%. Banco Bradesco’s dividend payout ratio (DPR) is 5.71%.

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.