ETRADE Capital Management LLC grew its position in Banco Bradesco SA (NYSE:BBD) by 13.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,553 shares of the bank’s stock after buying an additional 6,939 shares during the period. ETRADE Capital Management LLC’s holdings in Banco Bradesco were worth $637,000 at the end of the most recent quarter.

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

A number of brokerages recently weighed in on BBD. BidaskClub raised shares of Banco Bradesco from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. ValuEngine lowered shares of Banco Bradesco from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Banco Bradesco from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Scotiabank lowered shares of Banco Bradesco from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 5th. Finally, Goldman Sachs Group raised shares of Banco Bradesco from a “neutral” rating to a “buy” rating and set a $12.40 target price for the company in a research note on Monday, September 11th. Two equities 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 company. The company has an average rating of “Buy” and a consensus price target of $12.40.

Banco Bradesco SA (NYSE:BBD) opened at $9.94 on Friday. The firm has a market cap of $65,530.16, a price-to-earnings ratio of 10.27, a P/E/G ratio of 0.98 and a beta of 1.73. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.10 and a quick ratio of 1.10. Banco Bradesco SA has a one year low of $7.15 and a one year high of $11.86.

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 5th will be paid a $0.0058 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Monday, December 4th. Banco Bradesco’s payout ratio is presently 8.00%.

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About Banco Bradesco

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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