Federated Investors Inc. PA lessened its stake in Banco Bradesco SA (NYSE:BBD) by 57.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,200 shares of the bank’s stock after selling 137,592 shares during the period. Federated Investors Inc. PA’s holdings in Banco Bradesco SA were worth $860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Stifel Financial Corp acquired a new stake in Banco Bradesco SA in the 1st quarter valued at about $109,000. Ronald Blue & Co. LLC lifted its holdings in Banco Bradesco SA by 4.4% in the 1st quarter. Ronald Blue & Co. LLC now owns 10,961 shares of the bank’s stock valued at $112,000 after acquiring an additional 466 shares during the last quarter. US Bancorp DE lifted its holdings in Banco Bradesco SA by 4.4% in the 1st quarter. US Bancorp DE now owns 10,993 shares of the bank’s stock valued at $113,000 after acquiring an additional 468 shares during the last quarter. Koch Industries Inc. acquired a new stake in Banco Bradesco SA in the 1st quarter valued at about $114,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in Banco Bradesco SA in the 1st quarter valued at about $157,000. Hedge funds and other institutional investors own 2.65% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Scotiabank downgraded shares of Banco Bradesco SA from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 5th. BidaskClub downgraded shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) raised shares of Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company in a report on Monday, September 11th. Finally, ValuEngine downgraded shares of Banco Bradesco SA from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Banco Bradesco SA has a consensus rating of “Buy” and a consensus target price of $12.20.

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Shares of Banco Bradesco SA (NYSE BBD) opened at 11.49 on Monday. The stock has a market capitalization of $69.92 billion, a price-to-earnings ratio of 12.57 and a beta of 1.75. The firm’s 50-day moving average is $10.47 and its 200-day moving average is $9.40. Banco Bradesco SA has a 1-year low of $7.15 and a 1-year high of $11.50.

The firm also recently disclosed a special dividend, which will be paid on Monday, November 13th. Stockholders of record on Wednesday, October 4th will be issued a dividend of $0.0061 per share. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, October 3rd. This is a boost from Banco Bradesco SA’s previous special dividend of $0.01. Banco Bradesco SA’s payout ratio is 7.86%.

Banco Bradesco SA Company Profile

Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

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

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