Banco Bradesco SA $BBD Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in Banco Bradesco SA (NYSE:BBD) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,869,657 shares of the bank’s stock after purchasing an additional 202,609 shares during the quarter. Hsbc Holdings PLC’s holdings in Banco Bradesco were worth $9,556,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC increased its stake in shares of Banco Bradesco by 28.4% in the first quarter. Millennium Management LLC now owns 6,834,192 shares of the bank’s stock worth $15,240,000 after acquiring an additional 1,510,481 shares during the period. Jones Financial Companies Lllp lifted its position in Banco Bradesco by 3,749.8% during the first quarter. Jones Financial Companies Lllp now owns 38,613 shares of the bank’s stock valued at $86,000 after purchasing an additional 37,610 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Banco Bradesco by 116.9% in the first quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank’s stock valued at $73,885,000 after purchasing an additional 17,853,712 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Banco Bradesco during the 2nd quarter worth about $62,000. Finally, JPMorgan Chase & Co. grew its position in Banco Bradesco by 22.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 964,959 shares of the bank’s stock worth $2,982,000 after purchasing an additional 174,126 shares during the period.

Analyst Upgrades and Downgrades

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

Banco Bradesco Trading Up 3.1%

Shares of Banco Bradesco stock opened at $3.46 on Friday. The firm has a 50-day simple moving average of $3.61 and a two-hundred day simple moving average of $3.68. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.16 and a current ratio of 1.16. Banco Bradesco SA has a fifty-two week low of $2.73 and a fifty-two week high of $4.30. The company has a market cap of $36.61 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 0.41 and a beta of 0.53.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share for the quarter. The firm had revenue of $1.50 billion during the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 9.24%. As a group, equities analysts predict that Banco Bradesco SA will post 0.5 earnings per share for the current fiscal year.

Banco Bradesco Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, February 8th. Shareholders of record on Tuesday, July 7th will be given a dividend of $0.067 per share. The ex-dividend date is Tuesday, July 7th. This represents a yield of 391.0%. Banco Bradesco’s dividend payout ratio is currently 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.