Quantbot Technologies LP Has $1.09 Million Stock Holdings in Banco Bradesco S.A. (NYSE:BBD)

Quantbot Technologies LP lowered its position in shares of Banco Bradesco S.A. (NYSE:BBD) by 45.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 571,618 shares of the bank’s stock after selling 470,105 shares during the quarter. Quantbot Technologies LP’s holdings in Banco Bradesco were worth $1,092,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BBD. R Squared Ltd acquired a new position in shares of Banco Bradesco in the fourth quarter valued at about $30,000. Traveka Wealth LLC bought a new stake in Banco Bradesco in the 4th quarter valued at about $31,000. Townsquare Capital LLC acquired a new position in shares of Banco Bradesco during the 3rd quarter worth approximately $37,000. Blue Trust Inc. grew its position in shares of Banco Bradesco by 78.2% during the 4th quarter. Blue Trust Inc. now owns 20,055 shares of the bank’s stock worth $38,000 after purchasing an additional 8,801 shares in the last quarter. Finally, HighTower Advisors LLC raised its position 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 valued at $48,000 after buying an additional 5,421 shares in the last quarter.

Banco Bradesco Stock Performance

Shares of Banco Bradesco stock opened at $2.29 on Wednesday. The company has a 50 day moving average of $2.08 and a 200-day moving average of $2.26. The company has a market cap of $24.37 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 0.32 and a beta of 0.94. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. Banco Bradesco S.A. has a 1-year low of $1.84 and a 1-year high of $2.98.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Friday, February 7th. The bank reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates 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 forecast that Banco Bradesco S.A. will post 0.37 earnings per share 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. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.0398 per share. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $0.48 annualized dividend and a yield of 20.83%. Banco Bradesco’s payout ratio is presently 6.67%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BBD shares. The Goldman Sachs Group downgraded Banco Bradesco from a “buy” rating to a “sell” rating and reduced their price target for the stock from $2.40 to $2.00 in a research report on Wednesday, February 12th. HSBC raised Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 target price on the stock in a report on Monday, January 13th.

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.