Banco Bradesco S.A. (NYSE:BBD) Stock Position Decreased by Deutsche Bank AG

Deutsche Bank AG lowered its position in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 50.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,570,438 shares of the bank's stock after selling 1,616,024 shares during the quarter. Deutsche Bank AG's holdings in Banco Bradesco were worth $3,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in Banco Bradesco by 27.2% in the fourth quarter. HighTower Advisors LLC now owns 25,317 shares of the bank's stock valued at $48,000 after purchasing an additional 5,421 shares during the period. Peapack Gladstone Financial Corp grew its stake in shares of 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 in the last quarter. Blue Trust Inc. grew its stake in shares of Banco Bradesco by 78.2% in the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock valued at $38,000 after buying an additional 8,801 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Banco Bradesco by 5.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 214,322 shares of the bank's stock valued at $409,000 after buying an additional 10,938 shares during the period. Finally, GeoWealth Management LLC grew its position in Banco Bradesco by 41.3% in the fourth quarter. GeoWealth Management LLC now owns 51,037 shares of the bank's stock valued at $97,000 after acquiring an additional 14,917 shares in the last quarter.

Banco Bradesco Stock Up 2.3%

Shares of BBD stock traded up $0.07 during mid-day trading on Tuesday, reaching $2.87. 31,552,745 shares of the company were exchanged, compared to its average volume of 34,388,945. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.72 and a current ratio of 1.01. The business's 50 day simple moving average is $2.40 and its 200 day simple moving average is $2.19. The company has a market capitalization of $30.49 billion, a P/E ratio of 9.55, a P/E/G ratio of 0.32 and a beta of 0.65. Banco Bradesco S.A. has a fifty-two week low of $1.84 and a fifty-two week high of $2.96.

Banco Bradesco (NYSE:BBD - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. The firm had revenue of $5.69 billion for the quarter, compared to the consensus estimate of $31.24 billion. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. Research analysts predict that Banco Bradesco S.A. will post 0.37 earnings per share for the current year.

Banco Bradesco Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 7th will be given a dividend of $0.0022 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a dividend yield of 1.08%. Banco Bradesco's payout ratio is 6.25%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of Banco Bradesco from a "buy" rating to a "sell" rating and lowered their price target for the company from $2.40 to $2.00 in a report on Wednesday, February 12th. Bank of America raised Banco Bradesco from a "neutral" rating to a "buy" rating in a research report on Thursday, May 8th.

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.