American Century Companies Inc. Has $31.87 Million Holdings in Banco Bradesco SA $BBD

American Century Companies Inc. boosted its stake in shares of Banco Bradesco SA (NYSE:BBD) by 14.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,428,580 shares of the bank’s stock after purchasing an additional 1,166,824 shares during the quarter. American Century Companies Inc. owned 0.09% of Banco Bradesco worth $31,869,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised 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 valued at $27,000 after purchasing an additional 4,353 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in Banco Bradesco in the second quarter worth $42,000. Osaic Holdings Inc. grew its holdings in Banco Bradesco by 34.7% during the 2nd quarter. Osaic Holdings Inc. now owns 16,915 shares of the bank’s stock worth $52,000 after acquiring an additional 4,355 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Banco Bradesco during the second quarter valued at approximately $54,000. Finally, Sivia Capital Partners LLC bought a new position in Banco Bradesco in the 2nd quarter valued at $62,000.

Banco Bradesco Stock Down 1.6%

BBD opened at $3.68 on Friday. The firm has a 50 day simple moving average of $3.82 and a 200 day simple moving average of $3.50. Banco Bradesco SA has a fifty-two week low of $1.95 and a fifty-two week high of $4.28. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.45 and a quick ratio of 1.12.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Friday, February 6th. The bank reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $6.54 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Banco Bradesco had a net margin of 10.19% and a return on equity of 13.78%. Equities research analysts anticipate that Banco Bradesco SA will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be given a $0.0036 dividend. The ex-dividend date is Wednesday, March 4th. This represents a c) annualized dividend and a dividend yield of 1.2%. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio is 7.69%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BBD shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a research note on Monday, December 29th. Itau BBA Securities reaffirmed an “outperform” rating on shares of Banco Bradesco in a research note on Friday, February 27th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

About Banco Bradesco

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.