Banco Bradesco SA $BBD Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its holdings in Banco Bradesco SA (NYSE:BBD) by 40.1% during the fourth quarter, HoldingsChannel reports. The firm owned 52,926,543 shares of the bank’s stock after selling 35,478,749 shares during the period. Fisher Asset Management LLC’s holdings in Banco Bradesco were worth $176,245,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Corient Private Wealth LLC increased its stake in Banco Bradesco by 8.8% in the second quarter. Corient Private Wealth LLC now owns 42,025 shares of the bank’s stock valued at $130,000 after purchasing an additional 3,402 shares during the period. GAMMA Investing LLC increased its stake in Banco Bradesco by 40.1% in the fourth quarter. GAMMA Investing LLC now owns 12,641 shares of the bank’s stock valued at $42,000 after purchasing an additional 3,619 shares during the period. EverSource Wealth Advisors LLC increased its stake in Banco Bradesco by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,784 shares of the bank’s stock valued at $33,000 after purchasing an additional 3,648 shares during the period. Orion Porfolio Solutions LLC increased its stake in Banco Bradesco by 1.6% in the third quarter. Orion Porfolio Solutions LLC now owns 230,065 shares of the bank’s stock valued at $778,000 after purchasing an additional 3,716 shares during the period. Finally, Osaic Holdings Inc. increased its stake in Banco Bradesco by 34.7% in the second quarter. Osaic Holdings Inc. now owns 16,915 shares of the bank’s stock valued at $52,000 after purchasing an additional 4,355 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have commented on BBD. Itau BBA Securities restated an “outperform” rating on shares of Banco Bradesco in a research note on Friday, February 27th. Weiss Ratings upgraded shares of Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Banco Bradesco Stock Up 0.1%

Shares of NYSE:BBD opened at $3.48 on Tuesday. The company has a market cap of $36.82 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.43 and a beta of 0.56. The firm’s 50-day simple moving average is $3.74 and its 200-day simple moving average is $3.70. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.17. Banco Bradesco SA has a fifty-two week low of $2.66 and a fifty-two week high of $4.30.

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

Banco Bradesco Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be issued a $0.0039 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) annualized dividend and a dividend yield of 1.3%. Banco Bradesco’s payout ratio is presently 7.69%.

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.