Stevens Capital Management LP purchased a new stake in Banco Bradesco SA (NYSE:BBD) in the first quarter, HoldingsChannel.com reports. The firm purchased 78,036 shares of the bank’s stock, valued at approximately $851,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TIAA CREF Investment Management LLC acquired a new stake in Banco Bradesco during the 3rd quarter worth $7,964,000. Sterling Investment Advisors Ltd. acquired a new stake in Banco Bradesco during the 4th quarter worth $29,000. Duff & Phelps Investment Management Co. acquired a new stake in Banco Bradesco during the 4th quarter worth $10,290,000. BNP Paribas Arbitrage SA grew its holdings in Banco Bradesco by 98.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 764,762 shares of the bank’s stock worth $8,344,000 after acquiring an additional 380,226 shares during the period. Finally, Baillie Gifford & Co. grew its holdings in Banco Bradesco by 5.7% during the 4th quarter. Baillie Gifford & Co. now owns 21,015,442 shares of the bank’s stock worth $207,843,000 after acquiring an additional 1,136,159 shares during the period. 2.41% of the stock is owned by hedge funds and other institutional investors.

BBD has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Banco Bradesco from a “hold” rating to a “strong-buy” rating and set a $13.00 target price for the company in a report on Wednesday, January 23rd. Scotiabank lowered shares of Banco Bradesco from a “sector perform” rating to an “underperform” rating in a report on Tuesday, February 26th. Finally, ValuEngine lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Banco Bradesco currently has a consensus rating of “Hold” and an average target price of $10.00.

BBD opened at $8.43 on Thursday. Banco Bradesco SA has a 52 week low of $5.41 and a 52 week high of $10.46. The firm has a market cap of $67.79 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.48 and a beta of 1.02. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.10 and a quick ratio of 1.10.

The company also recently declared a monthly dividend, which was paid on Thursday, May 9th. Stockholders of record on Monday, April 8th were issued a $0.004 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, April 5th. Banco Bradesco’s dividend payout ratio (DPR) is 7.04%.

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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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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 (NYSE:BBD)

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