Robeco Institutional Asset Management B.V. Has $6.48 Million Stake in Banco Bradesco SA (NYSE:BBD)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Banco Bradesco SA (NYSE:BBD - Free Report) by 4.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,905,021 shares of the bank's stock after selling 127,225 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Banco Bradesco were worth $6,478,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp increased its stake in shares of Banco Bradesco by 11.4% in the 4th quarter. Northern Trust Corp now owns 4,117,017 shares of the bank's stock valued at $7,864,000 after buying an additional 421,994 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Banco Bradesco by 431.3% in the 4th quarter. BNP Paribas Financial Markets now owns 7,205,238 shares of the bank's stock worth $13,762,000 after purchasing an additional 5,848,994 shares during the last quarter. Banco Santander S.A. lifted its holdings in Banco Bradesco by 402.4% during the fourth quarter. Banco Santander S.A. now owns 1,802,819 shares of the bank's stock worth $3,443,000 after acquiring an additional 1,443,986 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Banco Bradesco by 1,334.2% during the fourth quarter. Natixis Advisors LLC now owns 3,759,101 shares of the bank's stock worth $7,180,000 after acquiring an additional 3,496,994 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Banco Bradesco during the fourth quarter worth about $3,222,000.

Banco Bradesco Stock Up 0.8%

NYSE BBD opened at $3.04 on Monday. The business has a fifty day moving average price of $2.75 and a two-hundred day moving average price of $2.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.76 and a quick ratio of 0.76. Banco Bradesco SA has a fifty-two week low of $1.84 and a fifty-two week high of $3.12. The stock has a market capitalization of $32.30 billion, a PE ratio of 9.48, a PEG ratio of 0.44 and a beta of 0.71.

Banco Bradesco (NYSE:BBD - Get Free Report) last released its earnings results on Wednesday, May 7th. The bank reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a return on equity of 12.33% and a net margin of 9.08%. The firm had revenue of $5.69 billion during the quarter, compared to analysts' expectations of $31.24 billion. Equities analysts expect that Banco Bradesco SA will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.0351 per share. This represents a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, July 2nd. Banco Bradesco's payout ratio is presently 9.38%.

Analysts Set New Price Targets

A number of analysts have recently commented on BBD shares. Bank of America upgraded Banco Bradesco from a "neutral" rating to a "buy" rating in a 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 analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Banco Bradesco presently has a consensus rating of "Hold" and an average target price of $2.40.

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.

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