Virtu KCG Holdings LLC decreased its stake in shares of Banco Bradesco SA (NYSE:BBD) by 37.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,199 shares of the bank’s stock after selling 63,393 shares during the period. Virtu KCG Holdings LLC’s holdings in Banco Bradesco SA were worth $903,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BBD. US Bancorp DE raised its position in Banco Bradesco SA by 4.4% in the 1st quarter. US Bancorp DE now owns 10,993 shares of the bank’s stock valued at $113,000 after buying an additional 468 shares during the last quarter. Comerica Bank boosted its holdings in Banco Bradesco SA by 1.9% during the first quarter. Comerica Bank now owns 162,383 shares of the bank’s stock worth $1,713,000 after purchasing an additional 2,994 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Banco Bradesco SA by 87.4% during the first quarter. TD Asset Management Inc. now owns 29,090 shares of the bank’s stock worth $298,000 after purchasing an additional 13,565 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Banco Bradesco SA by 8.1% during the first quarter. Envestnet Asset Management Inc. now owns 47,250 shares of the bank’s stock worth $484,000 after purchasing an additional 3,555 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Banco Bradesco SA during the first quarter worth about $199,000. 2.65% of the stock is currently owned by institutional investors.

Banco Bradesco SA (NYSE:BBD) opened at 11.21 on Tuesday. Banco Bradesco SA has a one year low of $7.15 and a one year high of $11.65. The firm’s 50-day moving average price is $10.91 and its 200 day moving average price is $9.55. The company has a market capitalization of $68.21 billion, a price-to-earnings ratio of 12.32 and a beta of 1.77.

The firm also recently disclosed a special dividend, which will be paid on Monday, November 13th. Stockholders of record on Wednesday, October 4th will be given a $0.0061 dividend. This represents a dividend yield of 0.64%. This is an increase from Banco Bradesco SA’s previous special dividend of $0.01. The ex-dividend date of this dividend is Tuesday, October 3rd. Banco Bradesco SA’s payout ratio is presently 7.86%.

A number of brokerages recently commented on BBD. ValuEngine upgraded Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub downgraded Banco Bradesco SA from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Scotiabank lowered Banco Bradesco SA from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 5th. Finally, Goldman Sachs Group, Inc. (The) raised Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 target price for the company in a research report on Monday, September 11th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $12.20.

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Banco Bradesco SA Company Profile

Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

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

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