Laird Norton Wetherby Wealth Management LLC Sells 108,624 Shares of Banco Bradesco S.A. (NYSE:BBD)

Laird Norton Wetherby Wealth Management LLC decreased its stake in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 50.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,715 shares of the bank's stock after selling 108,624 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in Banco Bradesco were worth $208,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its stake in shares of Banco Bradesco by 13.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 100,202,214 shares of the bank's stock valued at $191,386,000 after purchasing an additional 12,236,689 shares in the last quarter. ARGA Investment Management LP boosted its stake in shares of Banco Bradesco by 215.1% during the 4th quarter. ARGA Investment Management LP now owns 82,839,944 shares of the bank's stock valued at $158,224,000 after purchasing an additional 56,552,808 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Banco Bradesco by 20.8% during the 4th quarter. Wellington Management Group LLP now owns 56,809,743 shares of the bank's stock valued at $108,507,000 after purchasing an additional 9,762,964 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Banco Bradesco by 26.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 50,826,745 shares of the bank's stock valued at $97,079,000 after purchasing an additional 10,537,751 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Banco Bradesco by 1.8% during the 4th quarter. Franklin Resources Inc. now owns 45,810,825 shares of the bank's stock valued at $87,499,000 after purchasing an additional 821,239 shares in the last quarter.

Banco Bradesco Trading Up 0.2%

Shares of NYSE BBD opened at $2.74 on Friday. Banco Bradesco S.A. has a 1 year low of $1.84 and a 1 year high of $2.96. The stock has a market cap of $29.11 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 0.32 and a beta of 0.65. The firm has a 50-day moving average of $2.31 and a 200 day moving average of $2.17. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. The company had revenue of $5.69 billion during the quarter, compared to analysts' expectations of $31.24 billion. As a group, sell-side analysts expect that Banco Bradesco S.A. will post 0.37 EPS for the current fiscal year.

Banco Bradesco Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 7th will be issued a $0.0022 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a yield of 1.08%. Banco Bradesco's dividend payout ratio (DPR) is presently 6.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BBD shares. Bank of America raised shares of Banco Bradesco from a "neutral" rating to a "buy" rating in a research note on Thursday, May 8th. The Goldman Sachs Group cut 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 research report on Wednesday, February 12th.

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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