PDS Planning Inc Acquires Shares of 11,652 Banco Bradesco S.A. (NYSE:BBD)

PDS Planning Inc acquired a new position in Banco Bradesco S.A. (NYSE:BBDGet Rating) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,652 shares of the bank’s stock, valued at approximately $38,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Diversified Trust Co lifted its stake in shares of Banco Bradesco by 10.0% during the 2nd quarter. Diversified Trust Co now owns 113,617 shares of the bank’s stock valued at $370,000 after buying an additional 10,328 shares in the last quarter. DnB Asset Management AS raised its position in shares of Banco Bradesco by 8.8% during the 2nd quarter. DnB Asset Management AS now owns 3,619,656 shares of the bank’s stock valued at $11,800,000 after buying an additional 292,919 shares in the last quarter. Bank of America Corp DE grew its holdings in Banco Bradesco by 94.3% during the 1st quarter. Bank of America Corp DE now owns 29,324,928 shares of the bank’s stock valued at $136,068,000 after purchasing an additional 14,231,004 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Banco Bradesco by 6.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 401,787 shares of the bank’s stock valued at $1,710,000 after purchasing an additional 23,785 shares during the last quarter. Finally, Toroso Investments LLC grew its stake in Banco Bradesco by 12.5% in the 1st quarter. Toroso Investments LLC now owns 53,693 shares of the bank’s stock worth $249,000 after acquiring an additional 5,964 shares in the last quarter. 2.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Grupo Santander cut shares of Banco Bradesco from an “outperform” rating to a “neutral” rating in a research report on Monday, August 29th.

Banco Bradesco Trading Up 3.4 %

Shares of Banco Bradesco stock opened at $3.96 on Friday. The stock has a market cap of $42.21 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.43 and a beta of 0.92. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.57 and a quick ratio of 1.56. The firm has a fifty day moving average price of $3.58 and a 200 day moving average price of $3.71. Banco Bradesco S.A. has a 1 year low of $2.93 and a 1 year high of $4.32.

Banco Bradesco Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, November 8th. Investors of record on Wednesday, October 5th will be given a dividend of $0.003 per share. The ex-dividend date is Tuesday, October 4th. This is a positive change from Banco Bradesco’s previous dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is currently 7.25%.

Banco Bradesco Company Profile

(Get Rating)

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 segment, 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; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.

Further Reading

Institutional Ownership by Quarter for Banco Bradesco (NYSE:BBD)

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