Vanguard Group Inc. boosted its holdings in Banco Bradesco SA (NYSE:BBD) by 17.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,651,585 shares of the bank’s stock after acquiring an additional 5,844,907 shares during the period. Vanguard Group Inc. owned 0.64% of Banco Bradesco SA worth $328,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp bought a new stake in Banco Bradesco SA in the 1st quarter valued at $109,000. US Bancorp DE raised its stake in Banco Bradesco SA by 4.4% in the 1st quarter. US Bancorp DE now owns 10,993 shares of the bank’s stock valued at $113,000 after acquiring an additional 468 shares during the period. Koch Industries Inc. bought a new stake in Banco Bradesco SA in the 1st quarter valued at $114,000. ZWJ Investment Counsel Inc. raised its stake in Banco Bradesco SA by 1.4% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 15,596 shares of the bank’s stock valued at $133,000 after acquiring an additional 217 shares during the period. Finally, United Capital Financial Advisers LLC raised its stake in Banco Bradesco SA by 27.4% in the 1st quarter. United Capital Financial Advisers LLC now owns 18,928 shares of the bank’s stock valued at $194,000 after acquiring an additional 4,073 shares during the period. Institutional investors and hedge funds own 2.65% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Scotiabank cut Banco Bradesco SA from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 5th. Zacks Investment Research cut Banco Bradesco SA from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. BidaskClub cut Banco Bradesco SA from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Goldman Sachs Group, Inc. (The) upgraded Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price target on the stock in a research note on Monday, September 11th. Finally, ValuEngine cut Banco Bradesco SA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Banco Bradesco SA presently has an average rating of “Buy” and a consensus target price of $12.40.

Banco Bradesco SA (NYSE BBD) opened at 11.43 on Monday. The company has a market cap of $69.55 billion, a PE ratio of 12.56 and a beta of 1.77. Banco Bradesco SA has a 52-week low of $7.15 and a 52-week high of $11.86. The firm’s 50-day moving average price is $11.08 and its 200 day moving average price is $9.61.

The firm also recently disclosed a special dividend, which will be paid on Monday, November 13th. Shareholders of record on Wednesday, October 4th will be given a $0.0061 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a yield of 0.64%. This is a boost from Banco Bradesco SA’s previous special dividend of $0.01. Banco Bradesco SA’s payout ratio is currently 7.86%.

TRADEMARK VIOLATION NOTICE: “Banco Bradesco SA (BBD) Shares Bought by Vanguard Group Inc.” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/09/banco-bradesco-sa-bbd-shares-bought-by-vanguard-group-inc.html.

Banco Bradesco SA 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.

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.