Harding Loevner LP raised its holdings in Banco Bradesco SA (NYSE:BBD) by 11.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,590,604 shares of the bank’s stock after acquiring an additional 2,414,918 shares during the quarter. Harding Loevner LP owned 0.39% of Banco Bradesco SA worth $200,520,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of BBD. Stifel Financial Corp acquired a new stake in Banco Bradesco SA in the 1st quarter valued at about $109,000. US Bancorp DE lifted its holdings in Banco Bradesco SA by 4.4% in the 1st quarter. US Bancorp DE now owns 10,993 shares of the bank’s stock valued at $113,000 after acquiring an additional 468 shares during the last quarter. Koch Industries Inc. acquired a new stake in Banco Bradesco SA in the 1st quarter valued at about $114,000. ZWJ Investment Counsel Inc. lifted its holdings in Banco Bradesco SA by 1.4% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 15,596 shares of the bank’s stock valued at $133,000 after acquiring an additional 217 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its holdings in Banco Bradesco SA by 10.0% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 21,252 shares of the bank’s stock valued at $181,000 after acquiring an additional 1,932 shares during the last quarter. 2.65% of the stock is owned by institutional investors.
A number of brokerages have weighed in on BBD. Goldman Sachs Group, Inc. (The) raised shares of Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company in a report on Monday, September 11th. Scotiabank downgraded shares of Banco Bradesco SA from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 5th. ValuEngine raised shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, BidaskClub raised shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $12.20.
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Shares of Banco Bradesco SA (NYSE:BBD) traded up 0.52% during midday trading on Friday, reaching $11.50. 6,024,163 shares of the company’s stock were exchanged. Banco Bradesco SA has a 1-year low of $7.15 and a 1-year high of $11.65. The firm has a 50-day moving average of $10.59 and a 200-day moving average of $9.43. The company has a market capitalization of $69.98 billion, a PE ratio of 12.64 and a beta of 1.75.
The company also recently declared a special dividend, which will be paid on Monday, November 13th. Investors of record on Wednesday, October 4th will be issued a $0.0061 dividend. This is a boost from Banco Bradesco SA’s previous special dividend of $0.01. The ex-dividend date is Tuesday, October 3rd. This represents a yield of 0.64%. Banco Bradesco SA’s dividend payout ratio (DPR) is currently 7.86%.
Banco Bradesco SA Profile
Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.
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