DekaBank Deutsche Girozentrale boosted its stake in shares of Banco Bradesco SA (NYSE:BBD) by 10.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,390 shares of the bank’s stock after buying an additional 2,490 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Banco Bradesco SA were worth $229,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BBD. Stifel Financial Corp purchased a new stake in shares of Banco Bradesco SA during the first quarter valued at approximately $109,000. Ronald Blue & Co. LLC raised its stake in shares of 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 during the last quarter. US Bancorp DE raised its stake in shares of 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 during the last quarter. Koch Industries Inc. purchased a new stake in shares of Banco Bradesco SA during the first quarter valued at approximately $114,000. Finally, ZWJ Investment Counsel Inc. purchased a new stake in shares of Banco Bradesco SA during the first quarter valued at approximately $157,000. Institutional investors own 2.65% of the company’s stock.

Shares of Banco Bradesco SA (NYSE:BBD) opened at 10.68 on Wednesday. Banco Bradesco SA has a 52 week low of $7.15 and a 52 week high of $10.84. The firm has a market cap of $64.99 billion, a price-to-earnings ratio of 11.65 and a beta of 1.78. The firm has a 50 day moving average of $9.74 and a 200 day moving average of $9.27.

The business also recently declared a special dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 7th will be paid a $0.006 dividend. This is an increase from Banco Bradesco SA’s previous special dividend of $0.01. This represents a dividend yield of 0.65%. The ex-dividend date of this dividend is Wednesday, September 6th. Banco Bradesco SA’s dividend payout ratio (DPR) is presently 7.86%.

TRADEMARK VIOLATION WARNING: “DekaBank Deutsche Girozentrale Has $229,000 Position in Banco Bradesco SA (BBD)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/30/dekabank-deutsche-girozentrale-has-229000-position-in-banco-bradesco-sa-bbd.html.

Several brokerages have commented on BBD. BidaskClub upgraded shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. ValuEngine lowered shares of Banco Bradesco SA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Scotiabank upgraded shares of Banco Bradesco SA from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 28th. Finally, Zacks Investment Research lowered shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average 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.

Want to see what other hedge funds are holding BBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Bradesco SA (NYSE:BBD).

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

Receive News & Stock Ratings for Banco Bradesco SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco SA and related stocks with our FREE daily email newsletter.