XTX Topco Ltd Acquires 215,775 Shares of Banco Bradesco S.A. (NYSE:BBD)

XTX Topco Ltd increased its position in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 36.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 813,424 shares of the bank's stock after buying an additional 215,775 shares during the quarter. XTX Topco Ltd's holdings in Banco Bradesco were worth $1,554,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in shares of Banco Bradesco by 2.6% during the third quarter. Franklin Resources Inc. now owns 44,989,586 shares of the bank's stock valued at $120,122,000 after acquiring an additional 1,139,470 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Banco Bradesco by 85.5% during the fourth quarter. New York State Common Retirement Fund now owns 3,936,542 shares of the bank's stock worth $7,519,000 after buying an additional 1,814,009 shares during the last quarter. State Street Corp raised its holdings in Banco Bradesco by 71.0% during the third quarter. State Street Corp now owns 15,778,647 shares of the bank's stock worth $42,715,000 after buying an additional 6,551,698 shares during the last quarter. DAVENPORT & Co LLC bought a new position in shares of Banco Bradesco in the fourth quarter valued at $66,000. Finally, Banco Santander S.A. grew its holdings in shares of Banco Bradesco by 402.4% during the fourth quarter. Banco Santander S.A. now owns 1,802,819 shares of the bank's stock valued at $3,443,000 after buying an additional 1,443,986 shares during the last quarter.

Banco Bradesco Stock Up 0.7 %

Shares of BBD traded up $0.02 during trading hours on Friday, reaching $2.22. 25,042,858 shares of the stock traded hands, compared to its average volume of 31,896,462. Banco Bradesco S.A. has a 52 week low of $1.84 and a 52 week high of $2.96. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. The stock has a fifty day simple moving average of $2.14 and a 200 day simple moving average of $2.19. The company has a market cap of $23.57 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 0.32 and a beta of 0.56.

Banco Bradesco (NYSE:BBD - Get Free Report) last announced its earnings results on Friday, February 7th. The bank reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. On average, equities analysts forecast that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

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

Analysts Set New Price Targets

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

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.