Natixis Advisors LLC Decreases Stock Position in Banco Bradesco S.A. (NYSE:BBD)

Natixis Advisors LLC decreased its position in shares of Banco Bradesco S.A. (NYSE:BBD) by 33.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,114 shares of the bank’s stock after selling 119,564 shares during the period. Natixis Advisors LLC’s holdings in Banco Bradesco were worth $524,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Banco Santander S.A. boosted its stake in Banco Bradesco by 50.5% during the second quarter. Banco Santander S.A. now owns 2,547,166 shares of the bank’s stock valued at $5,706,000 after buying an additional 854,212 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Banco Bradesco by 67.3% during the 2nd quarter. Atomi Financial Group Inc. now owns 89,818 shares of the bank’s stock worth $201,000 after acquiring an additional 36,125 shares in the last quarter. GAM Holding AG boosted its position in shares of Banco Bradesco by 33.3% during the 2nd quarter. GAM Holding AG now owns 100,000 shares of the bank’s stock valued at $224,000 after acquiring an additional 25,000 shares during the last quarter. Mayport LLC purchased a new position in shares of Banco Bradesco in the second quarter valued at $47,000. Finally, SG Americas Securities LLC bought a new stake in Banco Bradesco in the second quarter worth $49,000.

Banco Bradesco Trading Up 0.4 %

Shares of NYSE BBD opened at $2.78 on Friday. The stock has a market capitalization of $29.63 billion, a P/E ratio of 12.09, a PEG ratio of 0.32 and a beta of 0.97. Banco Bradesco S.A. has a 1-year low of $2.16 and a 1-year high of $3.65. The business’s 50 day moving average is $2.56 and its two-hundred day moving average is $2.60. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.76 and a quick ratio of 0.76.

Banco Bradesco (NYSE:BBD) last released its earnings results on Monday, August 5th. The bank reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $9.64 billion for the quarter, compared to the consensus estimate of $5.47 billion. Banco Bradesco had a return on equity of 9.88% and a net margin of 6.68%. As a group, research analysts expect that Banco Bradesco S.A. will post 0.35 EPS for the current year.

Banco Bradesco Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 8th. Investors of record on Wednesday, September 4th will be paid a dividend of $0.0035 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.50%. Banco Bradesco’s dividend payout ratio is presently 13.04%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Banco Bradesco from a “neutral” rating to a “buy” rating and increased their price objective for the company from $2.50 to $3.20 in a research report on Monday, August 19th.

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.