Banco Bradesco SA $BBD Holdings Raised by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its stake in Banco Bradesco SA (NYSE:BBD) by 25.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,163,260 shares of the bank’s stock after buying an additional 16,908,425 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Banco Bradesco were worth $273,604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BBD. Corient Private Wealth LLC grew its position in Banco Bradesco by 8.8% in the second quarter. Corient Private Wealth LLC now owns 42,025 shares of the bank’s stock worth $130,000 after acquiring an additional 3,402 shares in the last quarter. GAMMA Investing LLC grew its position in Banco Bradesco by 40.1% in the fourth quarter. GAMMA Investing LLC now owns 12,641 shares of the bank’s stock worth $42,000 after acquiring an additional 3,619 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Banco Bradesco by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,784 shares of the bank’s stock worth $33,000 after acquiring an additional 3,648 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in Banco Bradesco by 1.6% in the third quarter. Orion Porfolio Solutions LLC now owns 230,065 shares of the bank’s stock worth $778,000 after acquiring an additional 3,716 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in Banco Bradesco by 34.7% in the second quarter. Osaic Holdings Inc. now owns 16,915 shares of the bank’s stock worth $52,000 after acquiring an additional 4,355 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on BBD shares. Weiss Ratings raised shares of Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th. Itau BBA Securities reissued an “outperform” rating on shares of Banco Bradesco in a research report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Banco Bradesco Price Performance

Shares of Banco Bradesco stock opened at $3.50 on Monday. The firm has a fifty day simple moving average of $3.70 and a 200-day simple moving average of $3.69. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17. Banco Bradesco SA has a 1-year low of $2.73 and a 1-year high of $4.30. The stock has a market capitalization of $37.04 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.43 and a beta of 0.53.

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

Banco Bradesco Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be given a $0.0039 dividend. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 3rd. Banco Bradesco’s dividend payout ratio (DPR) is 7.69%.

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.