Blue Trust Inc. Has $30,000 Position in Banco Bradesco S.A. (NYSE:BBD)

Blue Trust Inc. boosted its holdings in shares of Banco Bradesco S.A. (NYSE:BBD) by 99.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,254 shares of the bank’s stock after buying an additional 5,623 shares during the period. Blue Trust Inc.’s holdings in Banco Bradesco were worth $30,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC acquired a new stake in Banco Bradesco during the first quarter worth $29,000. Insigneo Advisory Services LLC acquired a new stake in Banco Bradesco during the second quarter worth $43,000. Mayport LLC acquired a new stake in Banco Bradesco during the second quarter worth $47,000. SG Americas Securities LLC acquired a new stake in Banco Bradesco during the second quarter worth $49,000. Finally, Silvercrest Asset Management Group LLC boosted its stake in Banco Bradesco by 27.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 21,141 shares of the bank’s stock worth $60,000 after buying an additional 4,550 shares in the last quarter.

Banco Bradesco Stock Down 2.8 %

Shares of NYSE:BBD opened at $2.40 on Friday. Banco Bradesco S.A. has a 52 week low of $2.16 and a 52 week high of $3.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 0.76. The company’s fifty day moving average is $2.70 and its 200-day moving average is $2.56. The company has a market capitalization of $25.58 billion, a PE ratio of 9.23, a P/E/G ratio of 0.29 and a beta of 0.97.

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

Banco Bradesco Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 5th will be issued a $0.002 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 1.00%. Banco Bradesco’s dividend payout ratio is 11.54%.

Analysts Set New Price Targets

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

Banco Bradesco Profile

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.