Natixis Advisors LLC Buys 5,572,096 Shares of Banco Bradesco SA (NYSE:BBD)

Key Points

• Natixis Advisors LLC increased its holdings in Banco Bradesco by 148.2%, owning over 9.3 million shares valued at approximately $20.81 million as of its latest SEC filing.
• Several institutional investors have raised their positions in Banco Bradesco, with BNP Paribas Financial Markets boosting its stake by 431.3% during the fourth quarter.
• Banco Bradesco announced a new dividend increase of $0.0023, marking a significant rise from its previous dividend of $0.00, with a yield of 99.0%.

Natixis Advisors LLC increased its holdings in Banco Bradesco SA (NYSE:BBD - Free Report) by 148.2% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 9,331,197 shares of the bank's stock after buying an additional 5,572,096 shares during the quarter. Natixis Advisors LLC owned about 0.09% of Banco Bradesco worth $20,809,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Traveka Wealth LLC increased its holdings in Banco Bradesco by 29.9% in the 1st quarter. Traveka Wealth LLC now owns 21,333 shares of the bank's stock worth $48,000 after buying an additional 4,910 shares in the last quarter. HighTower Advisors LLC boosted 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 worth $48,000 after purchasing an additional 5,421 shares during the last quarter. Peapack Gladstone Financial Corp boosted 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 worth $32,000 after purchasing an additional 6,000 shares during the last quarter. Inspire Advisors LLC boosted its position in Banco Bradesco by 14.5% in the first quarter. Inspire Advisors LLC now owns 67,833 shares of the bank's stock worth $151,000 after purchasing an additional 8,589 shares during the last quarter. Finally, PDS Planning Inc boosted its position in Banco Bradesco by 48.2% in the first quarter. PDS Planning Inc now owns 28,765 shares of the bank's stock worth $64,000 after purchasing an additional 9,349 shares during the last quarter.

Banco Bradesco Stock Performance

Shares of BBD stock traded up $0.02 during trading hours on Monday, reaching $2.83. 32,314,359 shares of the company traded hands, compared to its average volume of 33,533,404. Banco Bradesco SA has a 12-month low of $1.84 and a 12-month high of $3.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $30.12 billion, a P/E ratio of 8.09, a P/E/G ratio of 0.39 and a beta of 0.68. The firm has a 50-day moving average price of $2.93 and a 200 day moving average price of $2.48.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its earnings results on Wednesday, July 30th. The bank reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $32.70 billion. Banco Bradesco had a return on equity of 13.02% and a net margin of 9.76%. As a group, sell-side analysts predict that Banco Bradesco SA will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 11th. Shareholders of record on Wednesday, August 6th will be paid a $0.0023 dividend. This represents a yield of 99.0%. The ex-dividend date of this dividend is Tuesday, August 5th. This is a positive change from Banco Bradesco's previous dividend of $0.00. Banco Bradesco's dividend payout ratio is presently 8.57%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Bank of America raised Banco Bradesco from a "neutral" rating to a "buy" rating in a research report on Thursday, May 8th. Citigroup raised Banco Bradesco from a "hold" rating to a "buy" rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Banco Bradesco has an average rating of "Hold" and a consensus target price of $2.40.

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.