HighTower Advisors LLC Has $48,000 Stock Position in Banco Bradesco S.A. (NYSE:BBD)

HighTower Advisors LLC increased its holdings in Banco Bradesco S.A. (NYSE:BBD) by 27.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,317 shares of the bank’s stock after acquiring an additional 5,421 shares during the period. HighTower Advisors LLC’s holdings in Banco Bradesco were worth $48,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BBD. Franklin Resources Inc. lifted its position in shares of Banco Bradesco by 2.6% in the third quarter. Franklin Resources Inc. now owns 44,989,586 shares of the bank’s stock worth $120,122,000 after purchasing an additional 1,139,470 shares in the last quarter. New York State Common Retirement Fund increased its stake in Banco Bradesco by 85.5% in the 4th quarter. New York State Common Retirement Fund now owns 3,936,542 shares of the bank’s stock valued at $7,519,000 after buying an additional 1,814,009 shares during the period. State Street Corp lifted its position in Banco Bradesco by 71.0% in the 3rd quarter. State Street Corp now owns 15,778,647 shares of the bank’s stock worth $42,715,000 after buying an additional 6,551,698 shares in the last quarter. DAVENPORT & Co LLC acquired a new stake in shares of Banco Bradesco during the 4th quarter valued at $66,000. Finally, Banco Santander S.A. grew its holdings in shares of Banco Bradesco by 402.4% during the 4th quarter. Banco Santander S.A. now owns 1,802,819 shares of the bank’s stock valued at $3,443,000 after acquiring an additional 1,443,986 shares in the last quarter.

Banco Bradesco Stock Performance

BBD stock opened at $2.20 on Friday. The firm has a 50 day moving average of $2.13 and a two-hundred day moving average of $2.24. Banco Bradesco S.A. has a 12 month low of $1.84 and a 12 month high of $2.97. The company has a market capitalization of $23.36 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 0.32 and a beta of 0.56. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. As a group, equities analysts anticipate that Banco Bradesco S.A. will post 0.37 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 7th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.0398 per share. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, April 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 21.73%. Banco Bradesco’s dividend payout ratio is currently 43.33%.

Analyst Ratings Changes

A number of research firms have recently weighed in on BBD. The Goldman Sachs Group downgraded shares of Banco Bradesco from a “buy” rating to a “sell” rating and dropped their price target for the stock from $2.40 to $2.00 in a research note on Wednesday, February 12th. HSBC raised Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price target for the company in a research note on Monday, January 13th.

Banco Bradesco Company 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.