Macquarie Group Ltd. lifted its stake in shares of Banco Bradesco SA (NYSE:BBD) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,721,872 shares of the bank’s stock after purchasing an additional 463,347 shares during the period. Macquarie Group Ltd. owned approximately 0.09% of Banco Bradesco SA worth $48,640,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Aperio Group LLC lifted its position in shares of Banco Bradesco SA by 10.0% during the second quarter. Aperio Group LLC now owns 831,143 shares of the bank’s stock worth $7,065,000 after purchasing an additional 75,290 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of Banco Bradesco SA during the first quarter worth approximately $635,000. Capstone Asset Management Co. lifted its position in shares of Banco Bradesco SA by 6.1% during the second quarter. Capstone Asset Management Co. now owns 419,090 shares of the bank’s stock worth $3,562,000 after purchasing an additional 24,251 shares in the last quarter. World Asset Management Inc lifted its position in shares of Banco Bradesco SA by 4.0% during the second quarter. World Asset Management Inc now owns 179,902 shares of the bank’s stock worth $1,529,000 after purchasing an additional 6,858 shares in the last quarter. Finally, BT Investment Management Ltd acquired a new position in shares of Banco Bradesco SA during the second quarter worth approximately $22,396,000. Institutional investors own 2.65% of the company’s stock.

Shares of Banco Bradesco SA (NYSE BBD) opened at 11.43 on Friday. Banco Bradesco SA has a 1-year low of $7.15 and a 1-year high of $11.86. The company has a market capitalization of $69.55 billion, a P/E ratio of 12.56 and a beta of 1.77. The company’s 50 day moving average is $11.08 and its 200-day moving average is $9.61.

The firm also recently announced a special dividend, which will be paid on Monday, November 13th. Investors of record on Wednesday, October 4th will be given a dividend of $0.0061 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This is an increase from Banco Bradesco SA’s previous special dividend of $0.01. This represents a yield of 0.64%. Banco Bradesco SA’s dividend payout ratio (DPR) is currently 7.86%.

A number of equities analysts have recently issued reports on BBD shares. BidaskClub lowered shares of Banco Bradesco SA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) upgraded shares of Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 target price on the stock in a research report on Monday, September 11th. ValuEngine lowered shares of Banco Bradesco SA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Scotiabank upgraded shares of Banco Bradesco SA from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, June 28th. Finally, Zacks Investment Research lowered shares of Banco Bradesco SA from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Banco Bradesco SA has a consensus rating of “Buy” and a consensus target price of $12.40.

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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.

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

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