Perpetual Ltd Has $12.05 Million Stock Holdings in Banco Bradesco SA $BBD

Key Points

• Perpetual Ltd trimmed its stake in Banco Bradesco by 7.2% in Q4, selling 282,491 shares and holding 3,617,532 shares worth about $12.05 million per its latest 13F filing.
• Several large institutions moved into or raised positions: Orbis Allan Gray bought a new ~ $250.4 million position, Goldman Sachs increased its stake by 116.9% to ~33.13 million shares (~$73.9M), and both Marshall Wace and Amundi materially boosted holdings.
• Banco Bradesco trades around $3.68 with a market cap of $38.94B and P/E of 9.42; Q4 EPS matched estimates at $0.11 while revenue missed ($5.52B vs. $6.68B), the firm declared a monthly dividend of $0.0569 (annualized yield ~18.6%), and analysts’ consensus is a “Moderate Buy.”

Perpetual Ltd trimmed its position in Banco Bradesco SA (NYSE:BBD - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,617,532 shares of the bank's stock after selling 282,491 shares during the quarter. Perpetual Ltd's holdings in Banco Bradesco were worth $12,046,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BBD. Orbis Allan Gray Ltd bought a new position in Banco Bradesco during the second quarter worth about $250,398,000. Goldman Sachs Group Inc. raised its stake in Banco Bradesco by 116.9% in the first quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank's stock valued at $73,885,000 after buying an additional 17,853,712 shares during the period. Marshall Wace LLP lifted its position in shares of Banco Bradesco by 103.9% in the third quarter. Marshall Wace LLP now owns 32,045,389 shares of the bank's stock valued at $108,313,000 after buying an additional 16,331,155 shares during the last quarter. Tredje AP fonden bought a new position in shares of Banco Bradesco during the 3rd quarter worth approximately $42,689,000. Finally, Amundi boosted its stake in shares of Banco Bradesco by 131.4% during the 2nd quarter. Amundi now owns 14,534,363 shares of the bank's stock worth $44,184,000 after acquiring an additional 8,253,601 shares during the period.

Banco Bradesco Stock Up 0.4%

Banco Bradesco stock opened at $3.68 on Friday. The stock has a market cap of $38.94 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.45 and a beta of 0.55. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. Banco Bradesco SA has a twelve month low of $1.98 and a twelve month high of $4.28. The company's 50-day moving average price is $3.87 and its two-hundred day moving average price is $3.57.

Banco Bradesco (NYSE:BBD - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The bank reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%.The company had revenue of $5.52 billion during the quarter, compared to analysts' expectations of $6.68 billion. As a group, analysts expect that Banco Bradesco SA will post 0.37 EPS for the current year.

Banco Bradesco Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 9th. Investors of record on Wednesday, April 8th will be issued a dividend of $0.0569 per share. This represents a c) annualized dividend and a yield of 18.6%. The ex-dividend date of this dividend is Wednesday, April 8th. Banco Bradesco's dividend payout ratio (DPR) is presently 7.69%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BBD. Itau BBA Securities restated an "outperform" rating on shares of Banco Bradesco in a research note on Friday, February 27th. Weiss Ratings cut shares of Banco Bradesco from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Banco Bradesco currently has a consensus rating of "Moderate Buy".

Banco Bradesco Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil's largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil's retail and corporate credit markets.

The company's product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.

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