Banco Bradesco SA $BBD Shares Sold by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services cut its Banco Bradesco stake by 28.4% in Q4, selling 24,759,866 shares and retaining 62,331,329 shares valued at about $207.6 million.
• Other institutions largely added exposure — notably Goldman Sachs boosted its holding by 116.9% (adding ~17.85M shares to 33.13M) and Orbis Allan Gray initiated a new position worth roughly $250 million.
• Bradesco posted Q results with EPS of $0.11 (in line) but missed revenue estimates, announced a new monthly dividend of $0.0037 (≈1.1% yield) despite a >100% payout ratio, and carries an analyst consensus of "Moderate Buy."

Massachusetts Financial Services Co. MA reduced its position in Banco Bradesco SA (NYSE:BBD - Free Report) by 28.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,331,329 shares of the bank's stock after selling 24,759,866 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in Banco Bradesco were worth $207,563,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in Banco Bradesco by 0.3% in the 3rd quarter. Fisher Asset Management LLC now owns 88,405,292 shares of the bank's stock valued at $298,810,000 after purchasing an additional 306,617 shares during the last quarter. Orbis Allan Gray Ltd acquired a new position in Banco Bradesco in the 2nd quarter valued at $250,398,000. Wellington Management Group LLP raised its stake in Banco Bradesco by 7.5% in the 3rd quarter. Wellington Management Group LLP now owns 76,735,708 shares of the bank's stock valued at $259,367,000 after purchasing an additional 5,374,146 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Banco Bradesco by 4.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 65,254,835 shares of the bank's stock valued at $220,561,000 after purchasing an additional 2,786,757 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Banco Bradesco by 116.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank's stock valued at $73,885,000 after purchasing an additional 17,853,712 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on BBD shares. Itau BBA Securities restated an "outperform" rating on shares of Banco Bradesco in a report on Friday, February 27th. Weiss Ratings cut Banco Bradesco from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

Banco Bradesco Stock Performance

NYSE BBD opened at $4.04 on Monday. The stock has a market cap of $42.76 billion, a PE ratio of 10.35, a P/E/G ratio of 0.49 and a beta of 0.55. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. Banco Bradesco SA has a twelve month low of $2.13 and a twelve month high of $4.28. The stock has a fifty day simple moving average of $3.84 and a 200-day simple moving average of $3.60.

Banco Bradesco (NYSE:BBD - Get Free Report) last announced its earnings results on Thursday, February 5th. The bank reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. The company had revenue of $5.52 billion during the quarter, compared to analysts' expectations of $6.68 billion. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%. Equities analysts anticipate that Banco Bradesco SA 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 Monday, June 8th. Stockholders of record on Wednesday, May 6th will be given a dividend of $0.0037 per share. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, May 6th. This represents a c) annualized dividend and a dividend yield of 1.1%. Banco Bradesco's dividend payout ratio is 110.26%.

Banco Bradesco Company 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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