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.

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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.

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