Vanguard Group Inc. Sells 177,385 Shares of Banco Bradesco S.A. (NYSE:BBD)

Vanguard Group Inc. lowered its position in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,974,901 shares of the bank's stock after selling 177,385 shares during the period. Vanguard Group Inc. owned 0.13% of Banco Bradesco worth $26,692,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Banco Bradesco during the 4th quarter worth approximately $30,000. Traveka Wealth LLC acquired a new position in shares of Banco Bradesco during the 4th quarter valued at $31,000. Blue Trust Inc. boosted its stake in Banco Bradesco by 78.2% during the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock worth $38,000 after acquiring an additional 8,801 shares in the last quarter. HighTower Advisors LLC grew its holdings in Banco Bradesco by 27.2% in the fourth quarter. HighTower Advisors LLC now owns 25,317 shares of the bank's stock worth $48,000 after purchasing an additional 5,421 shares during the period. Finally, Vestmark Advisory Solutions Inc. increased its stake in Banco Bradesco by 135.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 27,675 shares of the bank's stock valued at $53,000 after purchasing an additional 15,911 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently commented on BBD shares. HSBC upgraded Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 target price for the company in a research note on Monday, January 13th. The Goldman Sachs Group downgraded Banco Bradesco from a "buy" rating to a "sell" rating and decreased their price objective for the company from $2.40 to $2.00 in a report on Wednesday, February 12th.

Banco Bradesco Stock Up 0.7 %

Shares of NYSE:BBD traded up $0.02 during mid-day trading on Friday, hitting $2.22. 25,042,858 shares of the company traded hands, compared to its average volume of 31,896,462. The stock has a market cap of $23.57 billion, a P/E ratio of 7.38, a P/E/G ratio of 0.32 and a beta of 0.56. The stock has a 50-day moving average price of $2.14 and a two-hundred day moving average price of $2.19. Banco Bradesco S.A. has a 12-month low of $1.84 and a 12-month high of $2.96. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48.

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

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 7th. Stockholders of record on Wednesday, April 2nd will be issued a $0.0398 dividend. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.48 annualized dividend and a dividend yield of 21.53%. Banco Bradesco's dividend payout ratio is currently 6.67%.

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.