Savant Capital LLC Makes New $51,000 Investment in Banco Bradesco SA $BBDO

Savant Capital LLC purchased a new stake in shares of Banco Bradesco SA (NYSE:BBDO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 18,580 shares of the bank’s stock, valued at approximately $51,000.

Other large investors have also recently made changes to their positions in the company. Aprio Wealth Management LLC bought a new stake in Banco Bradesco in the 1st quarter worth approximately $43,000. Goldman Sachs Group Inc. increased its position in Banco Bradesco by 54.2% during the first quarter. Goldman Sachs Group Inc. now owns 516,081 shares of the bank’s stock valued at $1,073,000 after acquiring an additional 181,299 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Banco Bradesco by 5,542.4% in the second quarter. Farther Finance Advisors LLC now owns 11,172 shares of the bank’s stock valued at $30,000 after acquiring an additional 10,974 shares during the period. Kathmere Capital Management LLC boosted its position in Banco Bradesco by 121.7% in the second quarter. Kathmere Capital Management LLC now owns 104,656 shares of the bank’s stock worth $286,000 after purchasing an additional 57,451 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new position in Banco Bradesco in the second quarter worth about $30,000.

Banco Bradesco Price Performance

Banco Bradesco stock opened at $3.09 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.63. Banco Bradesco SA has a 52-week low of $1.71 and a 52-week high of $3.31. The firm’s fifty day moving average is $2.94 and its 200 day moving average is $2.69. The company has a market cap of $32.83 billion, a price-to-earnings ratio of 8.81 and a beta of 0.81.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 3rd will be paid a $0.0032 dividend. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio is 5.71%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Banco Bradesco in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

About Banco Bradesco

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.