Goldman Sachs Group Inc. Grows Stock Holdings in Banco Bradesco SA $BBDO

Key Points

• Goldman Sachs Group Inc. increased its stake in Banco Bradesco SA by 54.2% in the first quarter, acquiring an additional 181,299 shares, bringing its total holdings to 516,081 shares valued at $1,073,000.
• Banco Bradesco recently declared a monthly dividend of $0.0032 per share, marking an increase from its previous dividend of $0.00, with a 1.3% annual yield.
• The stock of Banco Bradesco has shown a 12-month price range with a low of $1.71 and a high of $2.91, and it recently opened at $2.88.

Goldman Sachs Group Inc. grew its holdings in Banco Bradesco SA (NYSE:BBDO - Free Report) by 54.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 516,081 shares of the bank's stock after acquiring an additional 181,299 shares during the period. Goldman Sachs Group Inc.'s holdings in Banco Bradesco were worth $1,073,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. D Orazio & Associates Inc. acquired a new position in shares of Banco Bradesco in the first quarter worth $26,000. Aprio Wealth Management LLC acquired a new position in shares of Banco Bradesco in the first quarter worth $43,000. BSW Wealth Partners lifted its position in shares of Banco Bradesco by 29.7% during the 1st quarter. BSW Wealth Partners now owns 30,709 shares of the bank's stock worth $64,000 after purchasing an additional 7,027 shares during the last quarter. Kathmere Capital Management LLC purchased a new stake in shares of Banco Bradesco during the 1st quarter worth $98,000. Finally, Northern Trust Corp lifted its position in shares of Banco Bradesco by 8.9% during the 4th quarter. Northern Trust Corp now owns 117,991 shares of the bank's stock worth $211,000 after purchasing an additional 9,627 shares during the last quarter.

Banco Bradesco Stock Up 0.2%

Shares of Banco Bradesco stock traded up $0.01 during trading on Monday, hitting $2.89. 9,477 shares of the stock were exchanged, compared to its average volume of 24,872. The stock has a market cap of $30.71 billion, a price-to-earnings ratio of 7.57 and a beta of 0.84. The firm's 50-day moving average price is $2.60 and its 200 day moving average price is $2.41. Banco Bradesco SA has a 12-month low of $1.71 and a 12-month high of $2.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11.

Banco Bradesco (NYSE:BBDO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.10 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 9.76% and a return on equity of 12.96%.

Banco Bradesco Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 3rd will be paid a dividend of $0.0032 per share. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, October 3rd. Banco Bradesco's dividend payout ratio (DPR) is currently 5.71%.

About Banco Bradesco

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.