Waverton Investment Management Ltd held its stake in shares of Banco Bradesco SA (NYSE:BBD) during the second quarter, Holdings Channel reports. The firm owned 120,243 shares of the company’s stock at the end of the second quarter. Waverton Investment Management Ltd’s holdings in Banco Bradesco SA were worth $939,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of BBD. Pacad Investment Ltd. purchased a new stake in shares of Banco Bradesco SA during the first quarter worth $474,000. BlackRock Group LTD raised its stake in shares of Banco Bradesco SA by 16.4% in the first quarter. BlackRock Group LTD now owns 14,017,747 shares of the company’s stock worth $104,432,000 after buying an additional 1,970,818 shares during the period. BlackRock Fund Advisors raised its stake in shares of Banco Bradesco SA by 3.9% in the first quarter. BlackRock Fund Advisors now owns 5,295,094 shares of the company’s stock worth $39,448,000 after buying an additional 196,924 shares during the period. Nikko Asset Management Americas Inc. raised its stake in shares of Banco Bradesco SA by 34.1% in the first quarter. Nikko Asset Management Americas Inc. now owns 71,220 shares of the company’s stock worth $553,000 after buying an additional 18,100 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of Banco Bradesco SA during the first quarter worth $312,000. 4.36% of the stock is owned by institutional investors and hedge funds.
Banco Bradesco SA (NYSE:BBD) traded up 1.17% on Friday, hitting $9.53. The stock had a trading volume of 9,351,454 shares. The company has a market cap of $52.72 billion, a P/E ratio of 9.74 and a beta of 1.96. The firm’s 50-day moving average is $8.95 and its 200-day moving average is $7.91. Banco Bradesco SA has a 52-week low of $3.65 and a 52-week high of $9.57.
Banco Bradesco SA (NYSE:BBD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, topping the 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 research analysts anticipate that Banco Bradesco SA will post $0.87 earnings per share for the current fiscal year.
The firm also recently disclosed a dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, October 5th will be given a $0.162 dividend. This is a positive change from Banco Bradesco SA’s previous dividend of $0.01. The ex-dividend date of this dividend is Monday, October 3rd. Banco Bradesco SA’s dividend payout ratio is presently 7.33%.
A number of equities research analysts have weighed in on BBD shares. JPMorgan Chase & Co. lowered Banco Bradesco SA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 6th. Credit Suisse Group AG raised Banco Bradesco SA from an “underperform” rating to an “outperform” rating in a research report on Thursday, July 14th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $9.30 target price on shares of Banco Bradesco SA in a research report on Wednesday, September 21st. Two investment 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. The company presently has a consensus rating of “Hold” and a consensus target price of $8.65.
Banco Bradesco SA Company Profile
Banco Bradesco SA is a multiple service bank. The Company offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid?sized and small companies, and local and international corporations and institutions. The Company operates and manages its business through two operating segments: the banking segment, and the insurance, pension plans and capitalization bond segment.