UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Position in Banco Bradesco S.A. (NYSE:BBD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,969,334 shares of the bank's stock after selling 2,332,011 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.35% of Banco Bradesco worth $70,611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its holdings in Banco Bradesco by 13.9% during the fourth 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 during the period. ARGA Investment Management LP increased its holdings in shares of Banco Bradesco by 215.1% in the fourth quarter. ARGA Investment Management LP now owns 82,839,944 shares of the bank's stock worth $158,224,000 after buying an additional 56,552,808 shares during the period. Wellington Management Group LLP boosted its position in 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 buying an additional 9,762,964 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Banco Bradesco by 26.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 50,826,745 shares of the bank's stock worth $97,079,000 after buying an additional 10,537,751 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in 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 during the period.

Banco Bradesco Stock Performance

Banco Bradesco stock traded up $0.02 during trading on Thursday, reaching $2.88. The company had a trading volume of 28,066,723 shares, compared to its average volume of 34,435,742. The firm's 50-day simple moving average is $2.41 and its 200 day simple moving average is $2.19. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. Banco Bradesco S.A. has a 52 week low of $1.84 and a 52 week high of $2.96. The firm has a market capitalization of $30.60 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 0.32 and a beta of 0.65.

Banco Bradesco (NYSE:BBD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The bank reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $5.69 billion for the quarter, compared to the consensus estimate of $31.24 billion. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. Sell-side analysts forecast that Banco Bradesco S.A. will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, June 9th. Investors of record on Wednesday, May 7th will be paid a dividend of $0.0022 per share. The ex-dividend date is Tuesday, May 6th. This represents a yield of 1.08%. Banco Bradesco's payout ratio is 6.25%.

Analyst Upgrades and Downgrades

BBD has been the subject of several research reports. Bank of America raised Banco Bradesco from a "neutral" rating to a "buy" rating in a research report on Thursday, May 8th. Citigroup upgraded Banco Bradesco from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, The Goldman Sachs Group cut shares of Banco Bradesco from a "buy" rating to a "sell" rating and dropped their target price for the stock from $2.40 to $2.00 in a report on Wednesday, February 12th. One 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 MarketBeat, Banco Bradesco presently has a consensus rating of "Hold" and a consensus price target of $2.40.

Banco Bradesco Company 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.