Banco Bradesco S.A. (NYSE:BBD) Shares Acquired by SVB Wealth LLC

SVB Wealth LLC lifted its position in shares of Banco Bradesco S.A. (NYSE:BBD) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,140 shares of the bank’s stock after buying an additional 3,868 shares during the period. SVB Wealth LLC’s holdings in Banco Bradesco were worth $133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Waldron Private Wealth LLC acquired a new stake in shares of Banco Bradesco during the 4th quarter worth $47,000. Vontobel Holding Ltd. increased its holdings in shares of Banco Bradesco by 11.4% during the 4th quarter. Vontobel Holding Ltd. now owns 7,878,706 shares of the bank’s stock worth $27,575,000 after buying an additional 805,877 shares during the last quarter. Simplicity Solutions LLC acquired a new stake in shares of Banco Bradesco during the 4th quarter worth $161,000. Sapient Capital LLC acquired a new stake in shares of Banco Bradesco during the 4th quarter worth $104,000. Finally, Cerity Partners LLC increased its holdings in shares of Banco Bradesco by 39.3% during the 4th quarter. Cerity Partners LLC now owns 52,003 shares of the bank’s stock worth $182,000 after buying an additional 14,684 shares during the last quarter.

Banco Bradesco Price Performance

Shares of NYSE BBD opened at $2.66 on Wednesday. Banco Bradesco S.A. has a 12-month low of $2.60 and a 12-month high of $3.68. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84. The stock has a fifty day moving average price of $2.80 and a 200 day moving average price of $3.04.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 6th will be given a $0.0036 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.04 dividend on an annualized basis and a yield of 1.63%. Banco Bradesco’s payout ratio is currently 14.29%.

Analysts Set New Price Targets

BBD has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price objective for the company in a report on Tuesday, February 20th. HSBC downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Jefferies Financial Group downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a report on Friday, February 9th.

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.