WINTON GROUP Ltd Takes Position in Banco Bradesco SA $BBD

WINTON GROUP Ltd acquired a new stake in Banco Bradesco SA (NYSE:BBD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 842,800 shares of the bank’s stock, valued at approximately $2,807,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BBD. Millennium Management LLC boosted its holdings in Banco Bradesco by 28.4% in the first quarter. Millennium Management LLC now owns 6,834,192 shares of the bank’s stock valued at $15,240,000 after purchasing an additional 1,510,481 shares during the period. Jones Financial Companies Lllp boosted its holdings in Banco Bradesco by 3,749.8% in the first quarter. Jones Financial Companies Lllp now owns 38,613 shares of the bank’s stock valued at $86,000 after purchasing an additional 37,610 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Banco Bradesco by 116.9% in the first quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank’s stock valued at $73,885,000 after purchasing an additional 17,853,712 shares during the period. Sivia Capital Partners LLC purchased a new position in Banco Bradesco in the second quarter valued at $62,000. Finally, JPMorgan Chase & Co. boosted its holdings in Banco Bradesco by 22.0% in the second quarter. JPMorgan Chase & Co. now owns 964,959 shares of the bank’s stock valued at $2,982,000 after purchasing an additional 174,126 shares during the period.

Banco Bradesco Stock Down 0.1%

Shares of NYSE BBD opened at $3.36 on Monday. The company has a market capitalization of $35.55 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 0.41 and a beta of 0.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16. The business has a 50-day moving average of $3.72 and a two-hundred day moving average of $3.69. Banco Bradesco SA has a 1 year low of $2.73 and a 1 year high of $4.30.

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

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.0039 per share. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a yield of 1.4%. Banco Bradesco’s dividend payout ratio (DPR) is presently 7.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Itau BBA Securities reiterated an “outperform” rating on shares of Banco Bradesco in a report on Friday, February 27th. Weiss Ratings upgraded Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Banco Bradesco currently has an average rating of “Buy”.

Banco Bradesco Company 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.