Robeco Institutional Asset Management B.V. Purchases 743,308 Shares of Banco Bradesco SA $BBD

Robeco Institutional Asset Management B.V. increased its position in Banco Bradesco SA (NYSE:BBD) by 1,595.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 789,906 shares of the bank’s stock after buying an additional 743,308 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Banco Bradesco were worth $2,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Banco Bradesco by 92.7% in the second quarter. GAMMA Investing LLC now owns 8,034 shares of the bank’s stock worth $25,000 after purchasing an additional 3,864 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Banco Bradesco by 100.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock worth $27,000 after acquiring an additional 4,353 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Banco Bradesco in the second quarter worth approximately $42,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Banco Bradesco in the second quarter valued at approximately $45,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Banco Bradesco during the 2nd quarter valued at approximately $46,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2.40.

Banco Bradesco Stock Up 0.4%

BBD opened at $3.46 on Friday. The company has a fifty day moving average price of $3.48 and a two-hundred day moving average price of $3.22. Banco Bradesco SA has a 1-year low of $1.85 and a 1-year high of $3.77. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.64.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Thursday, October 30th. The bank reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Banco Bradesco had a net margin of 9.61% and a return on equity of 12.95%. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $34.75 billion. Analysts expect that Banco Bradesco SA will post 0.37 earnings per share for the current year.

Banco Bradesco Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, January 6th will be given a $0.0034 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a c) annualized dividend and a yield of 1.2%. Banco Bradesco’s dividend payout ratio (DPR) is presently 8.57%.

Banco Bradesco Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.