Barings LLC Invests $827,000 in Banco Bradesco SA $BBD

Barings LLC acquired a new stake in shares of Banco Bradesco SA (NYSE:BBD) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 226,608 shares of the bank’s stock, valued at approximately $827,000.

Other large investors also recently bought and sold shares of the company. Orbis Allan Gray Ltd bought a new stake in shares of Banco Bradesco during the second quarter worth $250,398,000. Franklin Resources Inc. grew its holdings in shares of Banco Bradesco by 2,469.2% in the fourth quarter. Franklin Resources Inc. now owns 47,947,074 shares of the bank’s stock worth $159,664,000 after purchasing an additional 46,080,856 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Banco Bradesco by 116.9% in the first quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank’s stock worth $73,885,000 after purchasing an additional 17,853,712 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Banco Bradesco by 25.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 82,163,260 shares of the bank’s stock worth $273,604,000 after buying an additional 16,908,425 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Banco Bradesco by 103.9% during the 3rd quarter. Marshall Wace LLP now owns 32,045,389 shares of the bank’s stock valued at $108,313,000 after buying an additional 16,331,155 shares in the last quarter.

Banco Bradesco Trading Down 1.8%

BBD opened at $3.56 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.17. The stock’s fifty day moving average is $3.48 and its two-hundred day moving average is $3.69. The company has a market capitalization of $37.67 billion, a P/E ratio of 9.12, a PEG ratio of 0.45 and a beta of 0.53. Banco Bradesco SA has a 52 week low of $2.73 and a 52 week high of $4.30.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share for the quarter. The business 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%. Analysts forecast that Banco Bradesco SA will post 0.5 earnings per share for the current year.

Banco Bradesco Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 5th will be paid a $0.0037 dividend. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a c) dividend on an annualized basis and a yield of 1.2%. Banco Bradesco’s dividend payout ratio is 20.51%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Banco Bradesco 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.