Grantham Mayo Van Otterloo & Co. LLC Acquires New Position in Banco Bradesco SA $BBD

Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of Banco Bradesco SA (NYSE:BBD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,765,600 shares of the bank’s stock, valued at approximately $12,728,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in shares of Banco Bradesco by 100.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,685 shares of the bank’s stock valued at $27,000 after purchasing an additional 4,353 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Banco Bradesco during the 2nd quarter worth $42,000. Osaic Holdings Inc. boosted its stake in Banco Bradesco by 34.7% in the second quarter. Osaic Holdings Inc. now owns 16,915 shares of the bank’s stock valued at $52,000 after buying an additional 4,355 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Banco Bradesco in the second quarter valued at about $54,000. Finally, Sivia Capital Partners LLC bought a new position in Banco Bradesco in the second quarter valued at about $62,000.

Banco Bradesco Stock Down 1.6%

Shares of NYSE:BBD opened at $3.68 on Monday. Banco Bradesco SA has a 52-week low of $1.95 and a 52-week high of $4.28. The company has a market capitalization of $39.16 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.45 and a beta of 0.53. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.12 and a current ratio of 1.45. The company has a fifty day moving average of $3.82 and a 200-day moving average of $3.50.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Friday, February 6th. The bank reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.68 billion. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%. On average, equities analysts predict that Banco Bradesco SA will post 0.37 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be issued a $0.0036 dividend. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, March 4th. This represents a c) dividend on an annualized basis and a yield of 1.2%. Banco Bradesco’s dividend payout ratio (DPR) is 5.13%.

Analyst Ratings Changes

Several research analysts have commented on BBD shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Banco Bradesco in a research note on Monday, December 29th. Itau BBA Securities restated an “outperform” rating on shares of Banco Bradesco in a research note on Friday, February 27th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.