Dimensional Fund Advisors LP Decreases Stake in Banco Bradesco S.A. (NYSE:BBD)

Dimensional Fund Advisors LP reduced its stake in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 27.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,721,233 shares of the bank's stock after selling 636,470 shares during the quarter. Dimensional Fund Advisors LP's holdings in Banco Bradesco were worth $3,287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BBD. R Squared Ltd purchased a new stake in shares of Banco Bradesco during the 4th quarter valued at $30,000. Traveka Wealth LLC purchased a new stake in Banco Bradesco in the 4th quarter worth about $31,000. Peapack Gladstone Financial Corp increased its holdings in Banco Bradesco by 54.5% in the 4th quarter. Peapack Gladstone Financial Corp now owns 17,012 shares of the bank's stock worth $32,000 after acquiring an additional 6,000 shares during the last quarter. Blue Trust Inc. increased its holdings in Banco Bradesco by 78.2% in the 4th quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock worth $38,000 after acquiring an additional 8,801 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in 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 Price Performance

Shares of NYSE BBD traded up $0.01 during trading hours on Friday, reaching $2.74. 32,596,675 shares of the stock traded hands, compared to its average volume of 33,661,235. The company has a market capitalization of $29.11 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 0.32 and a beta of 0.65. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48. Banco Bradesco S.A. has a 52-week low of $1.84 and a 52-week high of $2.96. The company's 50-day simple moving average is $2.31 and its two-hundred day simple moving average is $2.17.

Banco Bradesco (NYSE:BBD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09. The company had revenue of $5.69 billion for the quarter, compared to analysts' expectations of $31.24 billion. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. Equities research analysts forecast 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. Shareholders of record on Wednesday, May 7th will be paid a $0.0022 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a yield of 1.08%. Banco Bradesco's dividend payout ratio (DPR) is currently 6.25%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Bank of America raised Banco Bradesco from a "neutral" rating to a "buy" rating in a report on Thursday, May 8th. The Goldman Sachs Group downgraded Banco Bradesco from a "buy" rating to a "sell" rating and dropped their price target 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.