Banco Bradesco S.A. (NYSE:BBD) Position Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in shares of Banco Bradesco S.A. (NYSE:BBD) by 19.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,362 shares of the bank’s stock after purchasing an additional 24,763 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Banco Bradesco were worth $337,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BBD. DekaBank Deutsche Girozentrale lifted its holdings in shares of Banco Bradesco by 17.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 873,420 shares of the bank’s stock valued at $1,966,000 after buying an additional 130,000 shares during the period. American Century Companies Inc. boosted its position in shares of Banco Bradesco by 6.0% during the 2nd quarter. American Century Companies Inc. now owns 3,641,607 shares of the bank’s stock valued at $8,157,000 after purchasing an additional 207,649 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Banco Bradesco by 415.7% in the 2nd quarter. Headlands Technologies LLC now owns 464,173 shares of the bank’s stock worth $1,040,000 after purchasing an additional 374,168 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Banco Bradesco by 1.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 716,345 shares of the bank’s stock worth $1,605,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC raised its holdings in shares of Banco Bradesco by 63.7% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 503,398 shares of the bank’s stock worth $1,128,000 after purchasing an additional 195,863 shares in the last quarter.

Banco Bradesco Trading Down 4.4 %

Shares of NYSE BBD opened at $2.63 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.62. Banco Bradesco S.A. has a 12 month low of $2.16 and a 12 month high of $3.65. The company has a market cap of $28.03 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 0.31 and a beta of 0.98. The business has a fifty day simple moving average of $2.61 and a 200-day simple moving average of $2.60.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Monday, August 5th. The bank reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Banco Bradesco had a net margin of 6.68% and a return on equity of 9.88%. The company had revenue of $9.64 billion during the quarter, compared to analyst estimates of $5.47 billion. Sell-side analysts predict that Banco Bradesco S.A. will post 0.35 EPS for the current year.

Banco Bradesco Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 8th. Investors of record on Wednesday, September 4th will be paid a $0.0035 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Wednesday, September 4th. Banco Bradesco’s dividend payout ratio is 13.04%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Banco Bradesco from a “neutral” rating to a “buy” rating and raised their target price for the stock from $2.50 to $3.20 in a report on Monday, August 19th.

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.