SG Americas Securities LLC decreased its stake in Banco Bradesco SA (NYSE:BBD) by 15.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 368,802 shares of the bank’s stock after selling 67,053 shares during the period. SG Americas Securities LLC’s holdings in Banco Bradesco SA were worth $3,135,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Hanseatic Management Services Inc. boosted its stake in Banco Bradesco SA by 0.3% in the first quarter. Hanseatic Management Services Inc. now owns 89,657 shares of the bank’s stock valued at $918,000 after buying an additional 270 shares in the last quarter. Ronald Blue & Co. LLC boosted its stake in Banco Bradesco SA by 4.4% in the first quarter. Ronald Blue & Co. LLC now owns 10,961 shares of the bank’s stock valued at $112,000 after buying an additional 466 shares in the last quarter. US Bancorp DE boosted its stake in Banco Bradesco SA by 4.4% in the first quarter. US Bancorp DE now owns 10,993 shares of the bank’s stock valued at $113,000 after buying an additional 468 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Banco Bradesco SA 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 in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in Banco Bradesco SA by 10.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 21,252 shares of the bank’s stock valued at $181,000 after buying an additional 1,932 shares in the last quarter. 2.95% of the stock is owned by institutional investors and hedge funds.

Banco Bradesco SA (BBD) opened at 10.32 on Tuesday. The company has a market cap of $62.80 billion, a PE ratio of 11.25 and a beta of 1.78. Banco Bradesco SA has a 12-month low of $7.15 and a 12-month high of $10.49. The stock has a 50 day moving average of $9.53 and a 200-day moving average of $9.22.

The firm also recently disclosed a special dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 4th will be issued a dividend of $0.0058 per share. This represents a dividend yield of 7.47%. The ex-dividend date is Wednesday, August 2nd. Banco Bradesco SA’s payout ratio is 7.86%.

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A number of research firms have recently commented on BBD. BidaskClub raised shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Scotiabank raised shares of Banco Bradesco SA from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 28th. ValuEngine cut shares of Banco Bradesco SA from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Zacks Investment Research cut shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a report on Friday, May 5th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $10.65.

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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