River & Mercantile Asset Management LLP acquired a new stake in Banco Bradesco SA (NYSE:BBD) in the second quarter, HoldingsChannel.com reports. The fund acquired 445,372 shares of the bank’s stock, valued at approximately $3,057,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Banco Bradesco by 14.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 57,677 shares of the bank’s stock valued at $396,000 after buying an additional 7,061 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of Banco Bradesco by 0.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,513,351 shares of the bank’s stock valued at $27,144,000 after buying an additional 10,300 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Banco Bradesco in the first quarter valued at approximately $124,000. Campbell & CO Investment Adviser LLC lifted its position in shares of Banco Bradesco by 97.5% in the first quarter. Campbell & CO Investment Adviser LLC now owns 21,673 shares of the bank’s stock valued at $257,000 after buying an additional 10,700 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Banco Bradesco in the first quarter valued at approximately $152,000. 2.90% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on BBD shares. Bank of America reaffirmed a “buy” rating on shares of Banco Bradesco in a research report on Monday, May 21st. ValuEngine cut Banco Bradesco from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Santander raised Banco Bradesco from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Finally, Zacks Investment Research cut Banco Bradesco from a “hold” rating to a “sell” rating in a research report on Tuesday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $12.20.

Shares of NYSE BBD opened at $7.45 on Monday. The company has a market cap of $49.87 billion, a PE ratio of 8.37, a PEG ratio of 0.49 and a beta of 1.94. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.13 and a current ratio of 1.12. Banco Bradesco SA has a 1-year low of $6.53 and a 1-year high of $13.18.

The company also recently announced a special dividend, which will be paid on Tuesday, October 9th. Stockholders of record on Wednesday, September 5th will be paid a dividend of $0.0049 per share. The ex-dividend date of this dividend is Tuesday, September 4th. This represents a dividend yield of 0.74%. This is a positive change from Banco Bradesco’s previous special dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is 5.62%.

Banco Bradesco Profile

Banco Bradesco SA provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. The company accepts checking and savings accounts, time deposits, interbank deposits from financial institutions, and accounts for salary purposes.

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

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