Sumitomo Mitsui Trust Holdings Inc. lessened its position in Banco Bradesco SA (NYSE:BBD) by 11.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,196 shares of the bank’s stock after selling 6,400 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Banco Bradesco were worth $545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ZWJ Investment Counsel Inc. increased its stake in shares of Banco Bradesco by 1.4% in the second quarter. ZWJ Investment Counsel Inc. now owns 15,596 shares of the bank’s stock valued at $133,000 after buying an additional 217 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Banco Bradesco by 7.2% in the second quarter. Checchi Capital Advisers LLC now owns 24,028 shares of the bank’s stock valued at $204,000 after buying an additional 1,612 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of Banco Bradesco by 10.0% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 21,252 shares of the bank’s stock valued at $181,000 after purchasing an additional 1,932 shares in the last quarter. Gould Asset Management LLC CA boosted its position in shares of Banco Bradesco by 10.0% during the 2nd quarter. Gould Asset Management LLC CA now owns 23,008 shares of the bank’s stock valued at $196,000 after purchasing an additional 2,086 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Banco Bradesco by 10.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 27,390 shares of the bank’s stock valued at $229,000 after purchasing an additional 2,490 shares in the last quarter. 2.71% of the stock is owned by institutional investors and hedge funds.

Banco Bradesco SA (NYSE BBD) traded down $0.29 during mid-day trading on Friday, hitting $9.79. The stock had a trading volume of 11,955,300 shares, compared to its average volume of 11,110,188. Banco Bradesco SA has a 52 week low of $7.15 and a 52 week high of $11.86. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $59,790.00, a price-to-earnings ratio of 10.87, a PEG ratio of 1.03 and a beta of 1.75.

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 5th will be issued a $0.0058 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.71%. Banco Bradesco’s dividend payout ratio is presently 6.67%.

BBD has been the topic of several research analyst reports. Goldman Sachs Group upgraded Banco Bradesco 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. Zacks Investment Research upgraded Banco Bradesco from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. ValuEngine upgraded Banco Bradesco from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub upgraded Banco Bradesco from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Finally, Scotiabank lowered Banco Bradesco from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 5th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $12.40.

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Banco Bradesco 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 (NYSE:BBD)

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