Hsbc Holdings PLC Boosts Stock Position in Banco Bradesco SA $BBD

Hsbc Holdings PLC raised its holdings in Banco Bradesco SA (NYSE:BBD) by 18.1% in the first quarter, Holdings Channel reports. The firm owned 3,389,610 shares of the bank’s stock after purchasing an additional 519,953 shares during the period. Hsbc Holdings PLC’s holdings in Banco Bradesco were worth $12,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BBD. EverSource Wealth Advisors LLC raised its stake in shares of Banco Bradesco by 100.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock worth $27,000 after purchasing an additional 4,353 shares during the period. Brooklyn Investment Group boosted its holdings in shares of Banco Bradesco by 1,276.5% in the 3rd quarter. Brooklyn Investment Group now owns 10,613 shares of the bank’s stock worth $36,000 after buying an additional 9,842 shares during the last quarter. Checchi Capital Advisers LLC bought a new position in Banco Bradesco during the fourth quarter valued at about $39,000. Ballentine Partners LLC purchased a new stake in Banco Bradesco during the fourth quarter worth about $41,000. Finally, GAMMA Investing LLC increased its holdings in Banco Bradesco by 40.1% during the fourth quarter. GAMMA Investing LLC now owns 12,641 shares of the bank’s stock worth $42,000 after buying an additional 3,619 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Banco Bradesco in a research report on Friday, July 10th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Banco Bradesco has an average rating of “Buy”.

Banco Bradesco Stock Performance

NYSE:BBD opened at $3.73 on Thursday. 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 fifty day simple moving average of $3.48 and a two-hundred day simple moving average of $3.70. Banco Bradesco SA has a 1 year low of $2.73 and a 1 year high of $4.30. The company has a market capitalization of $39.47 billion, a P/E ratio of 9.55, a P/E/G ratio of 0.45 and a beta of 0.53.

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

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 5th will be paid a $0.0037 dividend. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, August 5th. Banco Bradesco’s payout ratio is currently 20.51%.

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.