Bp Plc cut its stake in Banco Bradesco SA (NYSE:BBD) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,099,935 shares of the bank’s stock after selling 193,400 shares during the quarter. Bp Plc’s holdings in Banco Bradesco were worth $11,263,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BBD. Fisher Asset Management LLC lifted its holdings in Banco Bradesco by 71.6% in the third quarter. Fisher Asset Management LLC now owns 23,029,399 shares of the bank’s stock valued at $254,935,000 after acquiring an additional 9,611,759 shares during the period. State Street Corp lifted its holdings in Banco Bradesco by 8.7% in the second quarter. State Street Corp now owns 9,527,392 shares of the bank’s stock valued at $80,982,000 after acquiring an additional 761,609 shares during the period. Assetmark Inc. lifted its holdings in Banco Bradesco by 158.1% in the third quarter. Assetmark Inc. now owns 938,981 shares of the bank’s stock valued at $10,395,000 after acquiring an additional 575,169 shares during the period. Jupiter Asset Management Ltd. acquired a new position in Banco Bradesco in the third quarter valued at approximately $6,314,000. Finally, SG Americas Securities LLC raised its stake in shares of Banco Bradesco by 132.7% during the 3rd quarter. SG Americas Securities LLC now owns 858,190 shares of the bank’s stock worth $9,500,000 after buying an additional 489,388 shares during the period. 2.83% of the stock is owned by institutional investors.

Banco Bradesco SA (NYSE BBD) opened at $11.16 on Friday. The firm has a market capitalization of $77,043.12, a P/E ratio of 11.68, a PEG ratio of 0.98 and a beta of 1.89. Banco Bradesco SA has a 52 week low of $7.83 and a 52 week high of $13.18.

Banco Bradesco (NYSE:BBD) last announced its earnings results on Thursday, February 1st. The bank reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The business had revenue of $9.90 billion during the quarter, compared to the consensus estimate of $8.20 billion. Banco Bradesco had a return on equity of 17.54% and a net margin of 9.87%. research analysts predict that Banco Bradesco SA will post 0.96 EPS for the current year.

The company also recently disclosed a special dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 5th will be paid a $0.005 dividend. This represents a yield of 0.000438212094653812%. The ex-dividend date of this dividend is Friday, February 2nd. Banco Bradesco’s dividend payout ratio is currently 7.91%.

Several research analysts have recently weighed in on BBD shares. ValuEngine downgraded Banco Bradesco from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised Banco Bradesco from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Citigroup raised Banco Bradesco from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. Finally, JPMorgan Chase & Co. raised Banco Bradesco from a “neutral” rating to an “overweight” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $12.20.

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About Banco Bradesco

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 (NYSE:BBD)

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