Vanguard Personalized Indexing Management LLC Invests $46,000 in Banco Bradesco S.A. (NYSE:BBD)

Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Banco Bradesco S.A. (NYSE:BBDFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,278 shares of the bank’s stock, valued at approximately $46,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Causeway Capital Management LLC increased its stake in Banco Bradesco by 43.4% in the third quarter. Causeway Capital Management LLC now owns 64,072,052 shares of the bank’s stock worth $182,605,000 after purchasing an additional 19,404,902 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Banco Bradesco by 51.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 32,204,249 shares of the bank’s stock worth $112,715,000 after acquiring an additional 10,885,211 shares in the last quarter. Oaktree Capital Management LP boosted its holdings in Banco Bradesco by 3.0% in the third quarter. Oaktree Capital Management LP now owns 31,742,126 shares of the bank’s stock worth $90,465,000 after acquiring an additional 926,807 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Banco Bradesco by 2.0% in the fourth quarter. Russell Investments Group Ltd. now owns 24,275,443 shares of the bank’s stock worth $84,964,000 after acquiring an additional 476,197 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Banco Bradesco by 4.5% in the third quarter. Sei Investments Co. now owns 19,673,306 shares of the bank’s stock worth $56,069,000 after purchasing an additional 853,516 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BBD. The Goldman Sachs Group upgraded Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price objective for the company in a research note on Tuesday, February 20th. Jefferies Financial Group cut Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Friday, February 9th.

Read Our Latest Stock Report on Banco Bradesco

Banco Bradesco Stock Up 1.2 %

Shares of BBD opened at $2.50 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average is $2.70 and its two-hundred day moving average is $2.98. The firm has a market cap of $26.65 billion, a P/E ratio of 10.87, a PEG ratio of 0.26 and a beta of 0.96. Banco Bradesco S.A. has a 12 month low of $2.45 and a 12 month high of $3.68.

Banco Bradesco (NYSE:BBDGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The bank reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $9.64 billion for the quarter. Banco Bradesco had a return on equity of 9.55% and a net margin of 6.70%. Analysts predict that Banco Bradesco S.A. will post 0.34 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.0037 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.04 dividend on an annualized basis and a yield of 1.77%. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s payout ratio is 13.04%.

Banco Bradesco Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Bradesco S.A. (NYSE:BBDFree Report).

Institutional Ownership by Quarter for Banco Bradesco (NYSE:BBD)

Receive News & Ratings for Banco Bradesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco and related companies with MarketBeat.com's FREE daily email newsletter.