Banco Bradesco SA $BBD is ARGA Investment Management LP's Largest Position

Key Points

• ARGA Investment Management LP trimmed its stake in Banco Bradesco by 1.6% to 112,650,293 shares, which still comprise 10.2% of ARGA's portfolio and were valued at $375,125,000.
• Other large investors increased or initiated positions — Orbis Allan Gray added a new ~$250.4M stake, Goldman Sachs more than doubled its holding to 33.13M shares, Marshall Wace roughly doubled to 32.05M shares, and Aquamarine now owns 148.67M shares worth $517.06M.
• Banco Bradesco trades with a $41.38B market cap and a P/E of 10.01; Q4 EPS of $0.11 met estimates while revenue lagged, the bank declared a new monthly dividend of $0.0037 (1.1% yield) despite a 110.26% payout ratio, and the consensus analyst rating is Buy.

ARGA Investment Management LP trimmed its stake in shares of Banco Bradesco SA (NYSE:BBD - Free Report) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,650,293 shares of the bank's stock after selling 1,849,254 shares during the period. Banco Bradesco makes up 10.2% of ARGA Investment Management LP's investment portfolio, making the stock its largest holding. ARGA Investment Management LP's holdings in Banco Bradesco were worth $375,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Orbis Allan Gray Ltd purchased a new position in shares of Banco Bradesco in the 2nd quarter worth $250,398,000. Goldman Sachs Group Inc. boosted its stake in shares of Banco Bradesco by 116.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank's stock worth $73,885,000 after buying an additional 17,853,712 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Banco Bradesco by 103.9% in the 3rd quarter. Marshall Wace LLP now owns 32,045,389 shares of the bank's stock worth $108,313,000 after buying an additional 16,331,155 shares during the last quarter. Tredje AP fonden purchased a new position in shares of Banco Bradesco in the 3rd quarter worth $42,689,000. Finally, Aquamarine Financial Cayman Ltd boosted its stake in shares of Banco Bradesco by 8.1% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 148,670,798 shares of the bank's stock worth $517,056,000 after buying an additional 11,137,145 shares during the last quarter.

Banco Bradesco Stock Performance

Shares of BBD opened at $3.91 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The business has a 50-day simple moving average of $3.85 and a two-hundred day simple moving average of $3.66. The stock has a market cap of $41.38 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.51 and a beta of 0.55. Banco Bradesco SA has a 52 week low of $2.26 and a 52 week high of $4.30.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The bank reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Banco Bradesco had a net margin of 10.19% and a return on equity of 13.78%. The business had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $6.68 billion. On average, analysts expect that Banco Bradesco SA will post 0.47 EPS for the current year.

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 8th. Shareholders of record on Wednesday, May 6th will be paid a $0.0037 dividend. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, May 6th. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's dividend payout ratio (DPR) is currently 110.26%.

Analyst Upgrades and Downgrades

BBD has been the subject of several research reports. Weiss Ratings raised shares of Banco Bradesco from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, April 13th. Itau BBA Securities reaffirmed an "outperform" rating on shares of Banco Bradesco in a research report on Friday, February 27th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Banco Bradesco currently has an average rating of "Buy".

Banco Bradesco Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil's largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil's retail and corporate credit markets.

The company's product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.

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