Banco Bradesco SA $BBD Shares Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC increased its holdings in shares of Banco Bradesco SA (NYSE:BBD) by 193.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,212,761 shares of the bank’s stock after buying an additional 1,458,889 shares during the period. Aquatic Capital Management LLC’s holdings in Banco Bradesco were worth $7,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in BBD. Millennium Management LLC lifted its holdings in Banco Bradesco by 28.4% during the first quarter. Millennium Management LLC now owns 6,834,192 shares of the bank’s stock valued at $15,240,000 after purchasing an additional 1,510,481 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Banco Bradesco by 3,749.8% during the first quarter. Jones Financial Companies Lllp now owns 38,613 shares of the bank’s stock worth $86,000 after purchasing an additional 37,610 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Banco Bradesco by 116.9% during the first quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank’s stock worth $73,885,000 after purchasing an additional 17,853,712 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Banco Bradesco during the 2nd quarter worth about $62,000. Finally, PNC Financial Services Group Inc. lifted its stake in Banco Bradesco by 8.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 230,786 shares of the bank’s stock valued at $713,000 after buying an additional 17,970 shares in the last quarter.

Banco Bradesco Stock Performance

Banco Bradesco stock opened at $3.54 on Monday. The company has a fifty day simple moving average of $3.86 and a 200-day simple moving average of $3.53. The company has a quick ratio of 1.12, a current ratio of 1.45 and a debt-to-equity ratio of 2.68. Banco Bradesco SA has a 52-week low of $1.98 and a 52-week high of $4.28.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.68 billion. Banco Bradesco had a net margin of 10.19% and a return on equity of 13.78%. As a group, sell-side analysts predict that Banco Bradesco SA will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, April 6th will be paid a $0.0037 dividend. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Monday, April 6th. This represents a c) dividend on an annualized basis and a yield of 1.2%. Banco Bradesco’s dividend payout ratio is 7.69%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Banco Bradesco in a report on Monday, December 29th. Itau BBA Securities reissued an “outperform” rating on shares of Banco Bradesco in a report on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Banco Bradesco presently has an average rating of “Buy”.

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.