American Century Companies Inc. Has $8.16 Million Holdings in Banco Bradesco S.A. (NYSE:BBD)

American Century Companies Inc. boosted its position in shares of Banco Bradesco S.A. (NYSE:BBD) by 6.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,641,607 shares of the bank’s stock after buying an additional 207,649 shares during the period. American Century Companies Inc.’s holdings in Banco Bradesco were worth $8,157,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BBD. Silvercrest Asset Management Group LLC boosted its position in shares of Banco Bradesco by 27.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 21,141 shares of the bank’s stock worth $60,000 after acquiring an additional 4,550 shares in the last quarter. Inspire Advisors LLC boosted its holdings in shares of Banco Bradesco by 11.7% in the 1st quarter. Inspire Advisors LLC now owns 49,983 shares of the bank’s stock valued at $143,000 after purchasing an additional 5,247 shares in the last quarter. Legacy Wealth Asset Management LLC increased its stake in shares of Banco Bradesco by 3.4% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 163,471 shares of the bank’s stock valued at $468,000 after purchasing an additional 5,383 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Banco Bradesco by 1.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 321,042 shares of the bank’s stock worth $1,123,000 after buying an additional 5,861 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of Banco Bradesco by 15.3% during the 1st quarter. Ballentine Partners LLC now owns 45,321 shares of the bank’s stock worth $130,000 after buying an additional 6,020 shares during the last quarter.

Banco Bradesco Stock Performance

NYSE BBD opened at $2.57 on Tuesday. The firm’s fifty day moving average price is $2.61 and its two-hundred day moving average price is $2.60. The stock has a market cap of $27.34 billion, a PE ratio of 11.15, a PEG ratio of 0.31 and a beta of 0.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 0.76. Banco Bradesco S.A. has a fifty-two week low of $2.16 and a fifty-two week high of $3.65.

Banco Bradesco (NYSE:BBD) last issued its quarterly earnings data on Monday, August 5th. The bank reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $9.64 billion for the quarter, compared to analyst estimates of $5.47 billion. Banco Bradesco had a return on equity of 9.88% and a net margin of 6.68%. On average, equities analysts expect that Banco Bradesco S.A. will post 0.35 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, October 2nd will be paid a $0.0359 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This is an increase from Banco Bradesco’s previous dividend of $0.00. Banco Bradesco’s dividend payout ratio is currently 13.04%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Banco Bradesco from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $2.50 to $3.20 in a research note 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.