O Shaughnessy Asset Management LLC Increases Stock Position in Banco Bradesco SA $BBDO

O Shaughnessy Asset Management LLC lifted its holdings in shares of Banco Bradesco SA (NYSE:BBDO) by 79.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,067,093 shares of the bank’s stock after acquiring an additional 1,360,089 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Banco Bradesco were worth $8,803,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Intergy Private Wealth LLC purchased a new position in shares of Banco Bradesco during the fourth quarter worth approximately $30,000. Compound Planning Inc. purchased a new position in Banco Bradesco in the 3rd quarter valued at $35,000. SBI Securities Co. Ltd. grew its position in Banco Bradesco by 974.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 13,898 shares of the bank’s stock valued at $40,000 after buying an additional 12,604 shares during the last quarter. Citadel Advisors LLC grew its position in Banco Bradesco by 25.7% in the 3rd quarter. Citadel Advisors LLC now owns 64,258 shares of the bank’s stock valued at $188,000 after buying an additional 13,129 shares during the last quarter. Finally, D Orazio & Associates Inc. grew its position in Banco Bradesco by 25.2% in the 4th quarter. D Orazio & Associates Inc. now owns 114,496 shares of the bank’s stock valued at $329,000 after buying an additional 23,068 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Banco Bradesco Stock Performance

NYSE:BBDO opened at $2.84 on Thursday. The firm’s fifty day moving average price is $3.31 and its 200 day moving average price is $3.26. Banco Bradesco SA has a 1-year low of $2.37 and a 1-year high of $3.80. 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 firm has a market cap of $30.04 billion, a price-to-earnings ratio of 7.27 and a beta of 0.55.

Banco Bradesco (NYSE:BBDO) last posted its quarterly earnings data on Wednesday, May 6th. The bank reported $0.12 earnings per share for the quarter. Banco Bradesco had a net margin of 8.95% and a return on equity of 14.15%. The firm had revenue of $13.07 billion for the quarter.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.0035 per share. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, June 3rd. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s payout ratio is presently 5.13%.

Banco Bradesco Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.