Banco Bradesco SA (BBD) Stake Increased by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in shares of Banco Bradesco SA (NYSE:BBD) by 0.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,674,736 shares of the bank’s stock after purchasing an additional 128,200 shares during the quarter. Franklin Resources Inc. owned 0.34% of Banco Bradesco worth $160,554,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wetherby Asset Management Inc. increased its stake in Banco Bradesco by 9.9% during the 3rd quarter. Wetherby Asset Management Inc. now owns 74,862 shares of the bank’s stock worth $530,000 after purchasing an additional 6,754 shares in the last quarter. Signaturefd LLC boosted its position in Banco Bradesco by 50.7% during the 2nd quarter. Signaturefd LLC now owns 20,573 shares of the bank’s stock worth $141,000 after acquiring an additional 6,925 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Banco Bradesco by 14.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 57,677 shares of the bank’s stock worth $396,000 after acquiring an additional 7,061 shares during the last quarter. Comerica Bank boosted its position in Banco Bradesco by 5.7% during the 3rd quarter. Comerica Bank now owns 195,932 shares of the bank’s stock worth $1,761,000 after acquiring an additional 10,531 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in Banco Bradesco by 20.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 83,917 shares of the bank’s stock worth $576,000 after acquiring an additional 14,191 shares during the last quarter. 3.25% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the company. ValuEngine downgraded Banco Bradesco from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. Finally, Morgan Stanley raised Banco Bradesco from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $11.00.

NYSE:BBD opened at $9.96 on Monday. The company has a market cap of $66.67 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.58 and a beta of 1.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.11 and a quick ratio of 1.13. Banco Bradesco SA has a twelve month low of $6.49 and a twelve month high of $13.18.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Thursday, November 1st. The bank reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $8.44 billion during the quarter. Banco Bradesco had a return on equity of 17.38% and a net margin of 14.27%. On average, sell-side analysts forecast that Banco Bradesco SA will post 0.84 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 9th. Stockholders of record on Wednesday, December 5th will be issued a $0.004 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Tuesday, December 4th. Banco Bradesco’s payout ratio is presently 5.62%.

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Banco Bradesco Company Profile

Banco Bradesco SA provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. The company accepts checking and savings accounts, time deposits, interbank deposits from financial institutions, and accounts for salary purposes.

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

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