BB Seguridade Participações (OTCMKTS:BBSEY) Upgraded by The Goldman Sachs Group to Strong-Buy

The Goldman Sachs Group upgraded shares of BB Seguridade Participações (OTCMKTS:BBSEY) from a hold rating to a strong-buy rating in a research note issued to investors on Monday, Zacks.com reports.

BB Seguridade Participações Price Performance

Shares of OTCMKTS:BBSEY opened at $6.44 on Monday. The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 1.92 and a beta of 0.99. The business’s 50 day simple moving average is $6.43 and its 200-day simple moving average is $6.34. BB Seguridade Participações has a 12 month low of $5.73 and a 12 month high of $7.67.

BB Seguridade Participações (OTCMKTS:BBSEY) last posted its earnings results on Friday, August 2nd. The company reported $0.21 EPS for the quarter. The company had revenue of $483.13 million for the quarter. BB Seguridade Participações had a return on equity of 78.54% and a net margin of 85.25%. On average, equities analysts anticipate that BB Seguridade Participações will post 0.69 earnings per share for the current year.

BB Seguridade Participações Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, September 9th. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.2127 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a yield of 3.16%. BB Seguridade Participações’s dividend payout ratio (DPR) is currently 51.81%.

About BB Seguridade Participações

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.