Lighthouse Investment Partners LLC Has $11.68 Million Stock Holdings in Banco Bradesco SA $BBD

Lighthouse Investment Partners LLC grew its stake in Banco Bradesco SA (NYSE:BBD) by 36.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,456,302 shares of the bank’s stock after acquiring an additional 922,908 shares during the period. Lighthouse Investment Partners LLC’s holdings in Banco Bradesco were worth $11,682,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Corient Private Wealth LLC raised its holdings in Banco Bradesco by 8.8% during the second quarter. Corient Private Wealth LLC now owns 42,025 shares of the bank’s stock worth $130,000 after acquiring an additional 3,402 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of Banco Bradesco by 1.6% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 230,065 shares of the bank’s stock worth $778,000 after purchasing an additional 3,716 shares in the last quarter. PDS Planning Inc raised its stake in shares of Banco Bradesco by 11.1% during the 3rd quarter. PDS Planning Inc now owns 37,354 shares of the bank’s stock worth $126,000 after purchasing an additional 3,736 shares in the last quarter. Gould Asset Management LLC CA boosted its holdings in shares of Banco Bradesco by 5.8% in the 3rd quarter. Gould Asset Management LLC CA now owns 76,976 shares of the bank’s stock valued at $260,000 after buying an additional 4,200 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Banco Bradesco by 100.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock valued at $27,000 after buying an additional 4,353 shares in the last quarter.

Banco Bradesco Stock Down 3.4%

NYSE:BBD opened at $3.54 on Monday. Banco Bradesco SA has a one year low of $1.98 and a one year high of $4.28. The firm’s fifty day moving average price is $3.86 and its two-hundred day moving average price is $3.53. The company has a current ratio of 1.45, a quick ratio of 1.12 and a debt-to-equity ratio of 2.68.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Friday, February 6th. The bank reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Banco Bradesco had a net margin of 10.19% and a return on equity of 13.78%. On average, analysts anticipate that Banco Bradesco SA will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, April 6th will be given a dividend of $0.0037 per share. This represents a c) annualized dividend and a yield of 1.2%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Monday, April 6th. Banco Bradesco’s dividend payout ratio (DPR) is 7.69%.

Wall Street Analyst Weigh In

BBD has been the topic of a number of recent analyst reports. Itau BBA Securities restated an “outperform” rating on shares of Banco Bradesco in a report on Friday, February 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Banco Bradesco in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Banco Bradesco currently has a consensus rating of “Buy”.

About Banco Bradesco

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.