Banco Bradesco SA $BBD Stock Holdings Lifted by Amundi

Amundi increased its holdings in shares of Banco Bradesco SA (NYSE:BBD) by 131.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,534,363 shares of the bank’s stock after buying an additional 8,253,601 shares during the quarter. Amundi owned 0.14% of Banco Bradesco worth $44,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in Banco Bradesco in the first quarter worth approximately $136,000. Moerus Capital Management LLC acquired a new stake in shares of Banco Bradesco in the 1st quarter valued at $27,372,000. American Century Companies Inc. boosted its holdings in Banco Bradesco by 6.4% in the first quarter. American Century Companies Inc. now owns 5,865,375 shares of the bank’s stock worth $13,080,000 after purchasing an additional 351,829 shares in the last quarter. Raymond James Financial Inc. increased its position in Banco Bradesco by 6.9% during the first quarter. Raymond James Financial Inc. now owns 1,803,157 shares of the bank’s stock worth $4,021,000 after buying an additional 116,422 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Banco Bradesco by 14.2% during the first quarter. Northern Trust Corp now owns 4,701,855 shares of the bank’s stock valued at $10,485,000 after buying an additional 584,838 shares in the last quarter.

Banco Bradesco Trading Down 0.7%

Shares of NYSE BBD opened at $3.32 on Wednesday. Banco Bradesco SA has a 1-year low of $1.84 and a 1-year high of $3.77. The company has a 50-day moving average of $3.42 and a two-hundred day moving average of $3.15. The company has a market cap of $35.28 billion, a PE ratio of 9.47, a P/E/G ratio of 0.36 and a beta of 0.57. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.64.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings results on Wednesday, October 29th. The bank reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $11.14 billion for the quarter, compared to the consensus estimate of $34.75 billion. Banco Bradesco had a net margin of 9.61% and a return on equity of 12.95%. As a group, equities analysts expect that Banco Bradesco SA will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 3rd will be paid a $0.0035 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) annualized dividend and a yield of 1.3%. Banco Bradesco’s payout ratio is currently 5.71%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Banco Bradesco in a research note on Monday. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.