Blue Trust Inc. Increases Stake in Banco Bradesco S.A. (NYSE:BBD)

Blue Trust Inc. increased its holdings in Banco Bradesco S.A. (NYSE:BBD) by 78.2% in the fourth quarter, Holdings Channel reports. The fund owned 20,055 shares of the bank’s stock after purchasing an additional 8,801 shares during the quarter. Blue Trust Inc.’s holdings in Banco Bradesco were worth $38,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BBD. Townsquare Capital LLC purchased a new position in Banco Bradesco during the third quarter valued at approximately $37,000. Traveka Wealth LLC purchased a new stake in shares of Banco Bradesco during the 4th quarter worth $31,000. Eagle Bay Advisors LLC boosted its position in Banco Bradesco by 110.5% during the third quarter. Eagle Bay Advisors LLC now owns 20,000 shares of the bank’s stock valued at $54,000 after purchasing an additional 10,500 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in Banco Bradesco by 23.9% in the third quarter. Insigneo Advisory Services LLC now owns 22,120 shares of the bank’s stock valued at $59,000 after purchasing an additional 4,260 shares during the last quarter. Finally, First Affirmative Financial Network bought a new position in Banco Bradesco in the third quarter worth about $66,000.

Banco Bradesco Stock Performance

BBD opened at $2.11 on Monday. The firm has a 50 day moving average of $1.99 and a two-hundred day moving average of $2.38. The firm has a market capitalization of $22.40 billion, a PE ratio of 8.10, a P/E/G ratio of 0.28 and a beta of 0.94. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36. Banco Bradesco S.A. has a 12-month low of $1.84 and a 12-month high of $2.98.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Friday, February 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%. On average, analysts anticipate that Banco Bradesco S.A. will post 0.33 EPS for the current year.

Banco Bradesco Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 7th will be issued a $0.0033 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Banco Bradesco’s previous dividend of $0.00. Banco Bradesco’s payout ratio is 11.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BBD shares. JPMorgan Chase & Co. cut shares of Banco Bradesco from an “overweight” rating to a “neutral” rating in a research report on Monday, November 25th. The Goldman Sachs Group dropped their target price on Banco Bradesco from $3.20 to $2.30 and set a “buy” rating on the stock in a research note on Friday, January 10th. Finally, HSBC raised Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price target for the company in a report on Monday, January 13th.

Banco Bradesco Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.