Traders Buy High Volume of Put Options on Banco Bradesco (BBD)
Banco Bradesco SA (NYSE:BBD) was the target of unusually large options trading on Thursday. Stock traders acquired 6,370 put options on the company. This is an increase of 1,025% compared to the typical daily volume of 566 put options.
Shares of Banco Bradesco (BBD) opened at $11.00 on Friday. Banco Bradesco has a 1 year low of $7.83 and a 1 year high of $11.86. The firm has a market capitalization of $73,629.39, a PE ratio of 11.53, a P/E/G ratio of 0.98 and a beta of 1.72.
The business also recently disclosed a special dividend, which will be paid on Monday, February 12th. Shareholders of record on Thursday, January 4th will be issued a dividend of $0.0057 per share. This represents a yield of 29.41%. The ex-dividend date is Wednesday, January 3rd. Banco Bradesco’s payout ratio is 33.33%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LSV Asset Management boosted its holdings in Banco Bradesco by 10.0% during the second quarter. LSV Asset Management now owns 28,600 shares of the bank’s stock valued at $243,000 after purchasing an additional 2,600 shares in the last quarter. AXA boosted its holdings in Banco Bradesco by 10.0% during the second quarter. AXA now owns 51,782 shares of the bank’s stock valued at $440,000 after purchasing an additional 4,707 shares in the last quarter. Comerica Bank boosted its holdings in Banco Bradesco by 3.0% during the second quarter. Comerica Bank now owns 167,209 shares of the bank’s stock valued at $1,565,000 after purchasing an additional 4,826 shares in the last quarter. ETRADE Capital Management LLC boosted its holdings in Banco Bradesco by 13.7% during the third quarter. ETRADE Capital Management LLC now owns 57,553 shares of the bank’s stock valued at $637,000 after purchasing an additional 6,939 shares in the last quarter. Finally, Symphony Asset Management LLC boosted its holdings in Banco Bradesco by 25.2% during the second quarter. Symphony Asset Management LLC now owns 40,981 shares of the bank’s stock valued at $348,000 after purchasing an additional 8,252 shares in the last quarter. 2.70% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Banco Bradesco from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, January 3rd. ValuEngine downgraded Banco Bradesco from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $12.20.
COPYRIGHT VIOLATION NOTICE: This piece of content was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2018/01/14/traders-buy-high-volume-of-put-options-on-banco-bradesco-bbd.html.
About Banco Bradesco
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.
Receive News & Ratings for Banco Bradesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco and related companies with MarketBeat.com's FREE daily email newsletter.