Victory Capital Management Inc. lessened its position in Banco Bradesco SA (NYSE:BBD) by 30.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,013,960 shares of the bank’s stock after selling 435,023 shares during the quarter. Victory Capital Management Inc.’s holdings in Banco Bradesco SA were worth $11,225,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Aberdeen Asset Management PLC UK raised its holdings in shares of Banco Bradesco SA by 20.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 180,676,024 shares of the bank’s stock valued at $1,535,746,000 after buying an additional 30,239,397 shares during the period. BlackRock Inc. raised its holdings in shares of Banco Bradesco SA by 3.1% in the 2nd quarter. BlackRock Inc. now owns 40,489,056 shares of the bank’s stock valued at $344,157,000 after buying an additional 1,234,324 shares during the period. Vanguard Group Inc. raised its holdings in shares of Banco Bradesco SA by 17.8% in the 2nd quarter. Vanguard Group Inc. now owns 38,651,585 shares of the bank’s stock valued at $328,538,000 after buying an additional 5,844,907 shares during the period. Franklin Resources Inc. grew its stake in Banco Bradesco SA by 35.8% during the 2nd quarter. Franklin Resources Inc. now owns 25,959,687 shares of the bank’s stock worth $220,639,000 after purchasing an additional 6,842,060 shares in the last quarter. Finally, Harding Loevner LP grew its stake in Banco Bradesco SA by 11.4% during the 2nd quarter. Harding Loevner LP now owns 23,590,604 shares of the bank’s stock worth $200,520,000 after purchasing an additional 2,414,918 shares in the last quarter. Hedge funds and other institutional investors own 2.79% of the company’s stock.

Banco Bradesco SA (NYSE:BBD) opened at $9.96 on Tuesday. The stock has a market capitalization of $66,868.88, a PE ratio of 10.48, a PEG ratio of 1.00 and a beta of 1.76. Banco Bradesco SA has a 1 year low of $7.15 and a 1 year high of $11.86. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 1.03.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 5th will be given a dividend of $0.0058 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.07 annualized dividend and a dividend yield of 0.70%. Banco Bradesco SA’s dividend payout ratio is currently 8.00%.

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Several research analysts recently commented on BBD shares. Goldman Sachs Group, Inc. (The) raised Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 target price for the company in a research note on Monday, September 11th. Zacks Investment Research raised Banco Bradesco SA from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. ValuEngine raised Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub raised Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Finally, Scotiabank cut Banco Bradesco SA from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Banco Bradesco SA has a consensus rating of “Buy” and an average target price of $12.40.

About Banco Bradesco SA

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.

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

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