Banco Bradesco S.A. (NYSE:BBD) Shares Purchased by Atria Investments Inc

Atria Investments Inc increased its holdings in shares of Banco Bradesco S.A. (NYSE:BBD) by 24.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,151 shares of the bank’s stock after acquiring an additional 8,641 shares during the quarter. Atria Investments Inc’s holdings in Banco Bradesco were worth $117,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Doma Perpetual Capital Management LLC boosted its holdings in Banco Bradesco by 403.4% in the 2nd quarter. Doma Perpetual Capital Management LLC now owns 11,203,738 shares of the bank’s stock valued at $25,096,000 after purchasing an additional 8,978,150 shares during the last quarter. Marshall Wace LLP boosted its holdings in Banco Bradesco by 6,437.5% in the 2nd quarter. Marshall Wace LLP now owns 7,904,153 shares of the bank’s stock valued at $17,705,000 after purchasing an additional 7,783,248 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in Banco Bradesco by 17.5% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 23,989,150 shares of the bank’s stock valued at $51,963,000 after purchasing an additional 3,577,428 shares during the last quarter. Algebris UK Ltd acquired a new position in Banco Bradesco in the 1st quarter valued at about $7,075,000. Finally, Millennium Management LLC boosted its holdings in Banco Bradesco by 44.9% in the 2nd quarter. Millennium Management LLC now owns 7,629,716 shares of the bank’s stock valued at $17,091,000 after purchasing an additional 2,364,963 shares during the last quarter.

Analyst Upgrades and Downgrades

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 report on Monday, August 19th.

Banco Bradesco Stock Performance

Shares of BBD stock opened at $2.38 on Monday. The firm’s 50 day moving average price is $2.57 and its 200-day moving average price is $2.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72. Banco Bradesco S.A. has a one year low of $2.16 and a one year high of $3.65. The firm has a market cap of $25.37 billion, a P/E ratio of 9.15, a P/E/G ratio of 0.28 and a beta of 0.97.

Banco Bradesco (NYSE:BBD) last announced its earnings results on Thursday, October 31st. The bank reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%. The firm had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $5.62 billion. As a group, equities research analysts predict that Banco Bradesco S.A. will post 0.34 EPS for the current year.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.0033 per share. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 annualized dividend and a yield of 1.67%. The ex-dividend date is Wednesday, December 4th. Banco Bradesco’s dividend payout ratio is presently 11.54%.

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.