BNP Paribas Financial Markets Boosts Holdings in Banco Bradesco S.A. (NYSE:BBD)

BNP Paribas Financial Markets raised its holdings in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 431.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,205,238 shares of the bank's stock after acquiring an additional 5,848,994 shares during the quarter. BNP Paribas Financial Markets owned about 0.07% of Banco Bradesco worth $13,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Banco Bradesco in the fourth quarter valued at $30,000. Traveka Wealth LLC purchased a new stake in shares of Banco Bradesco during the fourth quarter worth about $31,000. Peapack Gladstone Financial Corp boosted its holdings in shares of Banco Bradesco by 54.5% during the fourth quarter. Peapack Gladstone Financial Corp now owns 17,012 shares of the bank's stock worth $32,000 after purchasing an additional 6,000 shares during the period. Blue Trust Inc. raised its stake in Banco Bradesco by 78.2% in the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock worth $38,000 after buying an additional 8,801 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in Banco Bradesco in the fourth quarter worth about $39,000.

Analyst Upgrades and Downgrades

BBD has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered shares of Banco Bradesco from a "buy" rating to a "sell" rating and decreased their price objective for the stock from $2.40 to $2.00 in a report on Wednesday, February 12th. Bank of America upgraded shares of Banco Bradesco from a "neutral" rating to a "buy" rating in a research note on Thursday, May 8th.

Banco Bradesco Trading Up 0.2%

Banco Bradesco stock traded up $0.01 during trading hours on Friday, hitting $2.74. The company had a trading volume of 9,561,898 shares, compared to its average volume of 33,481,180. The firm has a market cap of $29.11 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.32 and a beta of 0.65. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.72 and a current ratio of 1.01. Banco Bradesco S.A. has a 1 year low of $1.84 and a 1 year high of $2.96. The company has a 50-day moving average price of $2.29 and a two-hundred day moving average price of $2.17.

Banco Bradesco (NYSE:BBD - Get Free Report) last posted its earnings results on Wednesday, May 7th. The bank reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. The company had revenue of $5.69 billion during the quarter, compared to analysts' expectations of $31.24 billion. On average, sell-side analysts anticipate that Banco Bradesco S.A. will post 0.37 earnings per share for the current year.

Banco Bradesco Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, June 9th. Shareholders 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 yield of 1.08%. Banco Bradesco's payout ratio is 6.25%.

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.