Banco Bradesco SA (NYSE:BBD) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. lifted its position in Banco Bradesco SA (NYSE:BBD - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,052,355 shares of the bank's stock after purchasing an additional 632,647 shares during the period. Bessemer Group Inc.'s holdings in Banco Bradesco were worth $11,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Simplicity Wealth LLC purchased a new stake in shares of Banco Bradesco in the first quarter valued at about $26,000. Peapack Gladstone Financial Corp lifted its position in Banco Bradesco by 54.5% in the fourth quarter. Peapack Gladstone Financial Corp now owns 17,012 shares of the bank's stock valued at $32,000 after buying an additional 6,000 shares during the last quarter. Merit Financial Group LLC acquired a new position in Banco Bradesco in the first quarter valued at about $37,000. Stifel Financial Corp acquired a new position in Banco Bradesco in the fourth quarter valued at about $39,000. Finally, Sagespring Wealth Partners LLC acquired a new position in Banco Bradesco in the first quarter valued at about $41,000.

Wall Street Analyst Weigh In

BBD has been the topic of a number of recent analyst reports. Citigroup raised shares of Banco Bradesco from a "hold" rating to a "buy" rating in a research report on Wednesday, May 28th. Bank of America raised shares of Banco Bradesco from a "neutral" rating to a "buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $2.40.

Banco Bradesco Stock Up 0.8%

Shares of BBD opened at $3.02 on Friday. The stock has a market capitalization of $32.09 billion, a PE ratio of 9.42, a P/E/G ratio of 0.43 and a beta of 0.71. Banco Bradesco SA has a 1 year low of $1.84 and a 1 year high of $3.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.76 and a current ratio of 0.76. The company's 50-day simple moving average is $2.74 and its 200-day simple moving average is $2.30.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its earnings results on Wednesday, May 7th. The bank reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $5.69 billion for the quarter, compared to analysts' expectations of $31.24 billion. Banco Bradesco had a net margin of 9.08% and a return on equity of 12.33%. Analysts forecast that Banco Bradesco SA will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Tuesday, February 10th. Investors of record on Wednesday, July 2nd will be issued a $0.0351 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a yield of 4.7%. Banco Bradesco's dividend payout ratio (DPR) is 9.38%.

Banco Bradesco 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.

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