Sivia Capital Partners LLC Makes New Investment in Banco Bradesco S.A. (NYSE:BBD)

Sivia Capital Partners LLC acquired a new position in Banco Bradesco S.A. (NYSE:BBDFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,965 shares of the bank’s stock, valued at approximately $94,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in shares of Banco Bradesco by 77.2% during the 4th quarter. Fisher Asset Management LLC now owns 69,268,813 shares of the bank’s stock worth $242,441,000 after purchasing an additional 30,188,950 shares during the period. Wellington Management Group LLP boosted its stake in shares of Banco Bradesco by 14.1% during the 4th quarter. Wellington Management Group LLP now owns 60,509,379 shares of the bank’s stock worth $211,783,000 after purchasing an additional 7,478,762 shares during the period. Royal London Asset Management Ltd. boosted its stake in shares of Banco Bradesco by 126.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 93,494 shares of the bank’s stock worth $327,000 after purchasing an additional 52,211 shares during the period. Virtu Financial LLC purchased a new position in shares of Banco Bradesco during the 4th quarter worth about $418,000. Finally, Sei Investments Co. boosted its stake in shares of Banco Bradesco by 6.6% during the 4th quarter. Sei Investments Co. now owns 20,968,881 shares of the bank’s stock worth $73,391,000 after purchasing an additional 1,295,575 shares during the period.

Banco Bradesco Stock Up 0.4 %

BBD traded up $0.01 on Monday, reaching $2.40. 8,995,173 shares of the company traded hands, compared to its average volume of 16,948,652. Banco Bradesco S.A. has a one year low of $2.35 and a one year high of $3.68. The firm has a fifty day simple moving average of $2.61 and a two-hundred day simple moving average of $2.92. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54.

Banco Bradesco (NYSE:BBDGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The bank reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Banco Bradesco had a net margin of 6.70% and a return on equity of 9.55%. The business had revenue of $9.64 billion during the quarter. Sell-side analysts predict that Banco Bradesco S.A. will post 0.34 earnings per share for the current year.

Banco Bradesco Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, February 10th. Stockholders of record on Thursday, June 20th will be given a $0.0749 dividend. The ex-dividend date is Thursday, June 20th. This represents a dividend yield of 6.9%. This is an increase from Banco Bradesco’s previous — dividend of $0.00. Banco Bradesco’s payout ratio is presently 13.04%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price objective for the company in a report on Tuesday, February 20th.

View Our Latest Report on Banco Bradesco

About Banco Bradesco

(Free Report)

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.

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Institutional Ownership by Quarter for Banco Bradesco (NYSE:BBD)

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