17,860 Shares in Banco Bradesco S.A. (NYSE:BBD) Purchased by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC bought a new stake in shares of Banco Bradesco S.A. (NYSE:BBD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,860 shares of the bank’s stock, valued at approximately $43,000.

Several other hedge funds also recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in shares of Banco Bradesco by 26.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 209,030 shares of the bank’s stock worth $732,000 after purchasing an additional 43,837 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in Banco Bradesco in the fourth quarter valued at about $106,000. Royal London Asset Management Ltd. boosted its holdings in Banco Bradesco by 126.5% during the fourth quarter. Royal London Asset Management Ltd. now owns 93,494 shares of the bank’s stock worth $327,000 after buying an additional 52,211 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Banco Bradesco by 1.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 321,042 shares of the bank’s stock worth $1,123,000 after buying an additional 5,861 shares during the period. Finally, Oaktree Capital Management LP increased its stake in shares of Banco Bradesco by 8.2% in the 4th quarter. Oaktree Capital Management LP now owns 34,330,544 shares of the bank’s stock valued at $120,157,000 after acquiring an additional 2,588,418 shares during the last quarter.

Analyst Ratings Changes

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

Banco Bradesco Stock Performance

Shares of Banco Bradesco stock opened at $2.71 on Friday. The stock’s fifty day simple moving average is $2.64 and its 200 day simple moving average is $2.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $28.88 billion, a PE ratio of 11.78, a PEG ratio of 0.29 and a beta of 0.98. Banco Bradesco S.A. has a 12 month low of $2.16 and a 12 month high of $3.65.

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

Banco Bradesco Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, October 2nd will be given a $0.0035 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $0.04 annualized dividend and a yield of 1.53%. Banco Bradesco’s dividend payout ratio is currently 78.26%.

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.