Generali Investments CEE investicni spolecnost a.s. Trims Stake in Banco Bradesco SA $BBD

Generali Investments CEE investicni spolecnost a.s. cut its position in Banco Bradesco SA (NYSE:BBD) by 58.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,463 shares of the bank’s stock after selling 155,155 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in Banco Bradesco were worth $368,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in Banco Bradesco by 28.4% in the first quarter. Millennium Management LLC now owns 6,834,192 shares of the bank’s stock valued at $15,240,000 after buying an additional 1,510,481 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Banco Bradesco by 3,749.8% during the first quarter. Jones Financial Companies Lllp now owns 38,613 shares of the bank’s stock worth $86,000 after acquiring an additional 37,610 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Banco Bradesco by 116.9% during the first quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank’s stock worth $73,885,000 after acquiring an additional 17,853,712 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Banco Bradesco in the 2nd quarter valued at $62,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Banco Bradesco by 22.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 964,959 shares of the bank’s stock valued at $2,982,000 after acquiring an additional 174,126 shares during the period.

Analyst Ratings Changes

BBD has been the subject of a number of recent research reports. Weiss Ratings cut shares of Banco Bradesco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Itau BBA Securities restated an “outperform” rating on shares of Banco Bradesco in a research note on Friday, February 27th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Banco Bradesco has an average rating of “Moderate Buy”.

Banco Bradesco Stock Performance

NYSE BBD opened at $3.50 on Friday. The stock has a market capitalization of $37.04 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.43 and a beta of 0.53. The business’s 50 day moving average is $3.87 and its two-hundred day moving average is $3.56. Banco Bradesco SA has a 12-month low of $1.98 and a 12-month high of $4.28. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.97.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Thursday, February 5th. The bank reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%. Research analysts expect that Banco Bradesco SA will post 0.37 EPS for the current year.

Banco Bradesco Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 9th. Shareholders of record on Wednesday, April 8th will be given a $0.0569 dividend. The ex-dividend date is Wednesday, April 8th. This represents a c) annualized dividend and a yield of 19.5%. Banco Bradesco’s dividend payout ratio is presently 7.69%.

Banco Bradesco Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.