Banco Bradesco S.A. (NYSE:BBD) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 17.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,534,042 shares of the bank's stock after acquiring an additional 839,842 shares during the quarter. Hsbc Holdings PLC owned approximately 0.05% of Banco Bradesco worth $10,566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BBD. R Squared Ltd bought a new position in Banco Bradesco in the fourth quarter worth about $30,000. Traveka Wealth LLC bought a new stake in shares of Banco Bradesco in the 4th quarter worth approximately $31,000. Peapack Gladstone Financial Corp boosted its position in Banco Bradesco by 54.5% during the 4th quarter. Peapack Gladstone Financial Corp now owns 17,012 shares of the bank's stock valued at $32,000 after purchasing an additional 6,000 shares during the period. Blue Trust Inc. boosted its position in Banco Bradesco by 78.2% during the 4th quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock valued at $38,000 after purchasing an additional 8,801 shares during the period. Finally, Stifel Financial Corp bought a new position in Banco Bradesco during the 4th quarter worth $39,000.

Banco Bradesco Stock Performance

BBD traded down $0.01 during trading hours on Friday, hitting $2.41. The company's stock had a trading volume of 34,024,810 shares, compared to its average volume of 32,337,937. The company has a 50-day simple moving average of $2.19 and a 200 day simple moving average of $2.17. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of $25.65 billion, a PE ratio of 8.03, a PEG ratio of 0.32 and a beta of 0.56. Banco Bradesco S.A. has a fifty-two week low of $1.84 and a fifty-two week high of $2.96.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share 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%. As a group, sell-side analysts expect that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Cuts Dividend

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

Analyst Ratings Changes

BBD has been the topic of a number of recent research reports. HSBC upgraded Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 target price on the stock in a research note on Monday, January 13th. The Goldman Sachs Group downgraded shares of Banco Bradesco from a "buy" rating to a "sell" rating and cut their price objective for the company from $2.40 to $2.00 in a research report on Wednesday, February 12th.

Banco Bradesco Company 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.