Calamos Advisors LLC Has $707,000 Position in Banco Bradesco SA $BBD

Calamos Advisors LLC trimmed its stake in Banco Bradesco SA (NYSE:BBD) by 49.1% in the first quarter, Holdings Channel.com reports. The firm owned 193,810 shares of the bank’s stock after selling 186,700 shares during the quarter. Calamos Advisors LLC’s holdings in Banco Bradesco were worth $707,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Orbis Allan Gray Ltd bought a new position in Banco Bradesco during the second quarter valued at approximately $250,398,000. Franklin Resources Inc. boosted its holdings in Banco Bradesco by 2,469.2% during the fourth quarter. Franklin Resources Inc. now owns 47,947,074 shares of the bank’s stock valued at $159,664,000 after acquiring an additional 46,080,856 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Banco Bradesco by 116.9% during the first quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank’s stock valued at $73,885,000 after acquiring an additional 17,853,712 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Banco Bradesco by 25.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 82,163,260 shares of the bank’s stock valued at $273,604,000 after purchasing an additional 16,908,425 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Banco Bradesco by 103.9% in the third quarter. Marshall Wace LLP now owns 32,045,389 shares of the bank’s stock worth $108,313,000 after purchasing an additional 16,331,155 shares during the period.

Banco Bradesco Price Performance

Shares of BBD stock opened at $3.56 on Friday. Banco Bradesco SA has a 52 week low of $2.73 and a 52 week high of $4.30. The stock has a market capitalization of $37.67 billion, a PE ratio of 9.12, a PEG ratio of 0.45 and a beta of 0.53. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.16 and a current ratio of 1.16. The stock’s fifty day moving average is $3.48 and its 200-day moving average is $3.69.

Banco Bradesco (NYSE:BBD) last announced its earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. The company had revenue of $1.50 billion for the quarter. Equities research analysts expect that Banco Bradesco SA will post 0.5 EPS for the current fiscal year.

Banco Bradesco Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 5th will be paid a $0.0037 dividend. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 5th. Banco Bradesco’s dividend payout ratio (DPR) is 20.51%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Banco Bradesco has an average rating of “Buy”.

Banco Bradesco Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.