Banco Bradesco S.A. (NYSE:BBD) Stock Holdings Decreased by Creative Planning

Creative Planning trimmed its position in Banco Bradesco S.A. (NYSE:BBD) by 8.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 216,941 shares of the bank’s stock after selling 20,274 shares during the period. Creative Planning’s holdings in Banco Bradesco were worth $577,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in shares of Banco Bradesco by 287.1% in the 1st quarter. BNP Paribas Financial Markets now owns 1,534,821 shares of the bank’s stock valued at $4,390,000 after acquiring an additional 1,138,279 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Banco Bradesco by 2.9% during the first quarter. Daiwa Securities Group Inc. now owns 708,345 shares of the bank’s stock valued at $2,026,000 after purchasing an additional 20,000 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Banco Bradesco during the first quarter worth $700,000. Rehmann Capital Advisory Group bought a new position in shares of Banco Bradesco in the 1st quarter worth about $65,000. Finally, Gould Asset Management LLC CA boosted its holdings in shares of Banco Bradesco by 22.3% in the 1st quarter. Gould Asset Management LLC CA now owns 65,466 shares of the bank’s stock valued at $187,000 after buying an additional 11,957 shares during the period.

Banco Bradesco Price Performance

Shares of BBD opened at $2.42 on Tuesday. Banco Bradesco S.A. has a 12 month low of $2.16 and a 12 month high of $3.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a fifty day moving average price of $2.69 and a 200 day moving average price of $2.56.

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, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $9.64 billion for the quarter, compared to the consensus estimate of $5.47 billion. Banco Bradesco had a net margin of 7.43% and a return on equity of 9.96%. As a group, sell-side analysts anticipate that Banco Bradesco S.A. will post 0.35 EPS for the current fiscal year.

Banco Bradesco Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 5th will be issued a $0.002 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Tuesday, November 5th. Banco Bradesco’s dividend payout ratio (DPR) is 11.54%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised 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.

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.