O Shaughnessy Asset Management LLC Sells 174,282 Shares of Banco Bradesco S.A. (NYSE:BBD)

O Shaughnessy Asset Management LLC lessened its holdings in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 55.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,628 shares of the bank's stock after selling 174,282 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Banco Bradesco were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. HighTower Advisors LLC boosted its holdings in shares of 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 acquiring an additional 5,421 shares during the period. Eagle Bay Advisors LLC grew its holdings in Banco Bradesco by 37.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 27,400 shares of the bank's stock valued at $54,000 after buying an additional 7,400 shares in the last quarter. Blue Trust Inc. increased its position in shares of Banco Bradesco by 78.2% during the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock valued at $38,000 after buying an additional 8,801 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Banco Bradesco by 5.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 214,322 shares of the bank's stock worth $409,000 after buying an additional 10,938 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Banco Bradesco during the fourth quarter valued at approximately $30,000.

Banco Bradesco Price Performance

BBD traded up $0.02 during trading on Thursday, reaching $2.22. The stock had a trading volume of 4,549,464 shares, compared to its average volume of 31,644,697. The business has a 50-day moving average of $2.13 and a 200-day moving average of $2.20. Banco Bradesco S.A. has a one year low of $1.84 and a one year high of $2.96. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.72 and a current ratio of 1.01. The stock has a market cap of $23.57 billion, a PE ratio of 7.42, a PEG ratio of 0.32 and a beta of 0.56.

Banco Bradesco (NYSE:BBD - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The bank reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. As a group, equities research analysts anticipate that Banco Bradesco S.A. will post 0.37 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 7th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.0398 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $0.48 annualized dividend and a dividend yield of 21.53%. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's dividend payout ratio (DPR) is currently 6.67%.

Analyst Ratings Changes

Several research analysts have commented on BBD shares. The Goldman Sachs Group downgraded shares of Banco Bradesco from a "buy" rating to a "sell" rating and cut their price target for the company from $2.40 to $2.00 in a report on Wednesday, February 12th. HSBC upgraded Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 target price for the company in a research report on Monday, January 13th.

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.