Todays Report: Today, Mizuho Trust & Banking Co. Ltd. cuts its investment of stake in Banco Bradesco SA (BBD)

Today, Mizuho Trust & Banking Co. Ltd. cuts its investment of stake in Banco Bradesco SA (BBD)

Mizuho Trust & Banking Co. Ltd. lowered its position in Banco Bradesco SA (NYSE:BBD) by 32.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 658,339 shares of the company’s stock after selling 314,940 shares during the period. Mizuho Trust & Banking Co. Ltd.’s holdings in Banco Bradesco SA were worth $5,971,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BBD. First Trust Advisors LP increased its stake in shares of Banco Bradesco SA by 31.0% in the second quarter. First Trust Advisors LP now owns 13,620 shares of the company’s stock worth $106,000 after buying an additional 3,225 shares during the period. Invictus RG increased its stake in shares of Banco Bradesco SA by 68.5% in the second quarter. Invictus RG now owns 14,093 shares of the company’s stock worth $110,000 after buying an additional 5,730 shares during the period. Candriam Luxembourg S.C.A. increased its stake in shares of Banco Bradesco SA by 10.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 14,300 shares of the company’s stock worth $112,000 after buying an additional 1,300 shares during the period. Johnson Investment Counsel Inc. increased its stake in shares of Banco Bradesco SA by 10.0% in the second quarter. Johnson Investment Counsel Inc. now owns 16,060 shares of the company’s stock worth $125,000 after buying an additional 1,460 shares during the period. Finally, Exane Derivatives acquired a new stake in shares of Banco Bradesco SA during the second quarter worth about $147,000. 2.58% of the stock is owned by institutional investors.

Banco Bradesco SA (NYSE:BBD) traded down 0.57% during mid-day trading on Thursday, reaching $8.72. The company’s stock had a trading volume of 10,198,692 shares. The stock’s 50-day moving average is $9.56 and its 200-day moving average is $8.52. The firm has a market capitalization of $48.24 billion, a PE ratio of 9.91 and a beta of 1.77. Banco Bradesco SA has a 12 month low of $3.65 and a 12 month high of $10.49.

The business also recently declared a dividend, which will be paid on Tuesday, December 6th. Investors of record on Tuesday, December 6th will be issued a $0.005 dividend. The ex-dividend date of this dividend is Friday, December 2nd. Banco Bradesco SA’s dividend payout ratio is currently 7.60%.

Several research firms have recently weighed in on BBD. Zacks Investment Research downgraded Banco Bradesco SA from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $9.30 target price on shares of Banco Bradesco SA in a report on Wednesday, September 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Banco Bradesco SA presently has an average rating of “Hold” and an average price target of $8.65.

Banco Bradesco SA Company Profile

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