Generali Investments CEE investicni spolecnost a.s. Takes Position in Banco Bradesco S.A. (NYSE:BBD)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Banco Bradesco S.A. (NYSE:BBD) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 265,618 shares of the bank’s stock, valued at approximately $507,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BBD. ARGA Investment Management LP raised its stake in Banco Bradesco by 215.1% in the 4th quarter. ARGA Investment Management LP now owns 82,839,944 shares of the bank’s stock valued at $158,224,000 after purchasing an additional 56,552,808 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Banco Bradesco by 170.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 87,965,525 shares of the bank’s stock worth $233,988,000 after buying an additional 55,444,555 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Banco Bradesco in the third quarter worth about $104,542,000. Itau Unibanco Holding S.A. boosted its position in Banco Bradesco by 56.8% during the third quarter. Itau Unibanco Holding S.A. now owns 37,616,918 shares of the bank’s stock worth $100,061,000 after acquiring an additional 13,627,768 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in Banco Bradesco by 19.2% during the 3rd quarter. Fisher Asset Management LLC now owns 75,833,254 shares of the bank’s stock valued at $201,716,000 after acquiring an additional 12,228,662 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BBD shares. HSBC upgraded Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price target for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. downgraded Banco Bradesco from an “overweight” rating to a “neutral” rating in a research note on Monday, November 25th. Finally, The Goldman Sachs Group cut shares of Banco Bradesco from a “buy” rating to a “sell” rating and lowered their price target for the company from $2.40 to $2.00 in a research report on Wednesday, February 12th.

Banco Bradesco Stock Up 0.2 %

BBD stock opened at $2.07 on Friday. Banco Bradesco S.A. has a one year low of $1.84 and a one year high of $2.98. The firm has a market cap of $21.98 billion, a PE ratio of 6.88, a PEG ratio of 0.32 and a beta of 0.94. The firm’s 50 day moving average price is $2.02 and its 200-day moving average price is $2.32. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.72 and a current ratio of 1.01.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Friday, February 7th. The bank reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. On average, equities research analysts anticipate that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.0033 per share. This represents a $0.04 annualized dividend and a yield of 1.90%. The ex-dividend date is Friday, March 7th. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is 6.67%.

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.