QRG Capital Management Inc. boosted its stake in shares of Banco Bradesco S.A. (NYSE:BBDO – Free Report) by 41.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,795 shares of the bank’s stock after purchasing an additional 4,898 shares during the period. QRG Capital Management Inc.’s holdings in Banco Bradesco were worth $53,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of BBDO. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Banco Bradesco in the third quarter worth about $364,000. Profund Advisors LLC acquired a new position in Banco Bradesco in the third quarter valued at approximately $195,000. Advisors Preferred LLC purchased a new stake in Banco Bradesco in the 4th quarter worth approximately $79,000. Finally, Schechter Investment Advisors LLC acquired a new stake in shares of Banco Bradesco during the 3rd quarter worth approximately $63,000.
Banco Bradesco Price Performance
BBDO opened at $2.36 on Wednesday. The firm has a fifty day moving average price of $2.45 and a 200 day moving average price of $2.68. Banco Bradesco S.A. has a 1 year low of $2.30 and a 1 year high of $3.21. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54.
Banco Bradesco Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.0034 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.04 dividend on an annualized basis and a yield of 1.71%. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio is currently 13.04%.
About Banco Bradesco
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.
Featured Stories
- Five stocks we like better than Banco Bradesco
- How to Calculate Options Profits
- AutoZone Pulling Back Into the Buy Zone
- What is a Death Cross in Stocks?
- How to Invest in NASDAQ: An Easy-to-Follow Guide
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Buy the Dip in Palo Alto Networks; Analysts Raise Targets
Want to see what other hedge funds are holding BBDO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Bradesco S.A. (NYSE:BBDO – Free Report).
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.