SG Americas Securities LLC Makes New Investment in Banco Bradesco S.A. (NYSE:BBD)

SG Americas Securities LLC acquired a new position in shares of Banco Bradesco S.A. (NYSE:BBD) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 35,616 shares of the bank’s stock, valued at approximately $68,000.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in Banco Bradesco by 2.6% during the third quarter. Franklin Resources Inc. now owns 44,989,586 shares of the bank’s stock worth $120,122,000 after acquiring an additional 1,139,470 shares during the last quarter. State Street Corp increased its stake in Banco Bradesco by 71.0% during the third quarter. State Street Corp now owns 15,778,647 shares of the bank’s stock worth $42,715,000 after acquiring an additional 6,551,698 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Banco Bradesco by 152.6% during the third quarter. JPMorgan Chase & Co. now owns 274,790 shares of the bank’s stock valued at $731,000 after buying an additional 166,008 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Banco Bradesco in the third quarter worth approximately $104,542,000. Finally, Atria Investments Inc raised its holdings in shares of Banco Bradesco by 24.3% in the third quarter. Atria Investments Inc now owns 44,151 shares of the bank’s stock worth $117,000 after buying an additional 8,641 shares during the period.

Banco Bradesco Stock Up 0.7 %

Shares of NYSE:BBD opened at $2.10 on Friday. Banco Bradesco S.A. has a 52-week low of $1.84 and a 52-week high of $2.98. The stock has a market cap of $22.30 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 0.28 and a beta of 0.94. The business’s 50 day moving average is $1.99 and its 200 day moving average is $2.38. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.36.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a return on equity of 10.17% and a net margin of 7.43%. Sell-side analysts predict that Banco Bradesco S.A. will post 0.33 EPS for the current year.

Banco Bradesco Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 7th will be paid a $0.0033 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.04 annualized dividend and a yield of 1.88%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio is 11.54%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BBD. The Goldman Sachs Group downgraded Banco Bradesco from a “buy” rating to a “sell” rating and reduced their price target for the stock from $2.40 to $2.00 in a report on Wednesday. HSBC upgraded Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price target on the stock in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. downgraded Banco Bradesco from an “overweight” rating to a “neutral” rating in a report on Monday, November 25th.

About Banco Bradesco

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.