Dimensional Fund Advisors LP increased its position in shares of Banco Bradesco SA (NYSE:BBD) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,092,599 shares of the company’s stock after buying an additional 102,214 shares during the period. Dimensional Fund Advisors LP owned about 0.09% of Banco Bradesco SA worth $39,761,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BBD. First Trust Advisors LP raised its stake in Banco Bradesco SA by 31.0% in the second quarter. First Trust Advisors LP now owns 13,620 shares of the company’s stock valued at $106,000 after buying an additional 3,225 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in 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 valued at $112,000 after buying an additional 1,300 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new position in Banco Bradesco SA during the first quarter valued at $122,000. Exane Derivatives bought a new position in Banco Bradesco SA during the second quarter valued at $147,000. Finally, Swarthmore Group Inc. bought a new position in Banco Bradesco SA during the second quarter valued at $188,000. Institutional investors own 2.65% of the company’s stock.
Shares of Banco Bradesco SA (NYSE:BBD) opened at 9.65 on Monday. The stock has a 50 day moving average of $9.07 and a 200-day moving average of $8.03. Banco Bradesco SA has a one year low of $3.65 and a one year high of $9.81. The stock has a market capitalization of $53.38 billion, a P/E ratio of 9.77 and a beta of 1.96.
Banco Bradesco SA (NYSE:BBD) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.76. Banco Bradesco SA had a return on equity of 18.51% and a net margin of 11.75%. Equities analysts forecast that Banco Bradesco SA will post $0.87 earnings per share for the current year.
The company also recently declared a dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, October 5th will be paid a dividend of $0.162 per share. This is an increase from Banco Bradesco SA’s previous dividend of $0.01. The ex-dividend date is Monday, October 3rd. Banco Bradesco SA’s payout ratio is currently 7.33%.
Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 6th. Goldman Sachs Group Inc. restated a “neutral” rating and set a $9.30 price target on shares of Banco Bradesco SA in a research report on Wednesday, September 21st. Finally, Credit Suisse Group AG upgraded shares of Banco Bradesco SA from an “underperform” rating to an “outperform” rating in a research report on Thursday, July 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.65.
About Banco Bradesco SA