Barclays PLC Purchases 1,817,619 Shares of Banco Bradesco S.A. (NYSE:BBD)

Barclays PLC boosted its stake in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 390.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,283,064 shares of the bank's stock after acquiring an additional 1,817,619 shares during the quarter. Barclays PLC's holdings in Banco Bradesco were worth $4,361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Banco Bradesco in the 4th quarter worth approximately $30,000. Traveka Wealth LLC purchased a new position in Banco Bradesco during the fourth quarter worth $31,000. Peapack Gladstone Financial Corp increased its position in Banco Bradesco by 54.5% during the fourth quarter. Peapack Gladstone Financial Corp now owns 17,012 shares of the bank's stock valued at $32,000 after acquiring an additional 6,000 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Banco Bradesco by 78.2% in the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock valued at $38,000 after acquiring an additional 8,801 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Banco Bradesco by 27.2% in the 4th quarter. HighTower Advisors LLC now owns 25,317 shares of the bank's stock worth $48,000 after acquiring an additional 5,421 shares during the last quarter.

Banco Bradesco Trading Up 0.2 %

Shares of NYSE:BBD traded up $0.01 during trading on Friday, reaching $2.43. 4,965,952 shares of the company were exchanged, compared to its average volume of 32,175,299. The business's fifty day simple moving average is $2.18 and its 200-day simple moving average is $2.17. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72. Banco Bradesco S.A. has a 12-month low of $1.84 and a 12-month high of $2.96. The firm has a market capitalization of $25.81 billion, a PE ratio of 8.12, a P/E/G ratio of 0.32 and a beta of 0.56.

Banco Bradesco (NYSE:BBD - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. On average, research analysts anticipate that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 7th will be paid a dividend of $0.0022 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a dividend yield of 1.08%. Banco Bradesco's dividend payout ratio is presently 6.67%.

Analysts Set New Price Targets

A number of research firms recently weighed in on BBD. The Goldman Sachs Group lowered shares of Banco Bradesco from a "buy" rating to a "sell" rating and reduced their price objective for the stock from $2.40 to $2.00 in a research report on Wednesday, February 12th. HSBC raised Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 price objective on the stock in a research report on Monday, January 13th.

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.