Banco Bradesco SA $BBD Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in shares of Banco Bradesco SA (NYSE:BBD) by 7.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,869,657 shares of the bank’s stock after acquiring an additional 202,609 shares during the quarter. Hsbc Holdings PLC’s holdings in Banco Bradesco were worth $9,556,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inspire Investing LLC boosted its stake in shares of Banco Bradesco by 11.4% in the fourth quarter. Inspire Investing LLC now owns 25,331 shares of the bank’s stock worth $84,000 after acquiring an additional 2,597 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in Banco Bradesco by 8.8% in the 2nd quarter. Corient Private Wealth LLC now owns 42,025 shares of the bank’s stock valued at $130,000 after purchasing an additional 3,402 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Banco Bradesco by 40.1% in the 4th quarter. GAMMA Investing LLC now owns 12,641 shares of the bank’s stock valued at $42,000 after purchasing an additional 3,619 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Banco Bradesco by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,784 shares of the bank’s stock worth $33,000 after purchasing an additional 3,648 shares during the last quarter. Finally, Orion Porfolio Solutions LLC grew its holdings in shares of Banco Bradesco by 1.6% during the third quarter. Orion Porfolio Solutions LLC now owns 230,065 shares of the bank’s stock worth $778,000 after buying an additional 3,716 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Itau BBA Securities reiterated an “outperform” rating on shares of Banco Bradesco in a research report on Friday, February 27th. Weiss Ratings raised shares of Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Banco Bradesco Trading Up 3.1%

Shares of BBD stock opened at $3.46 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17. Banco Bradesco SA has a twelve month low of $2.73 and a twelve month high of $4.30. The company’s 50-day moving average price is $3.61 and its 200-day moving average price is $3.68. The stock has a market cap of $36.61 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 0.41 and a beta of 0.53.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $0.09 earnings per share (EPS) for the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. The firm had revenue of $1.50 billion during the quarter. As a group, equities analysts predict that Banco Bradesco SA will post 0.5 earnings per share for the current year.

Banco Bradesco Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, February 8th. Stockholders of record on Tuesday, July 7th will be issued a dividend of $0.067 per share. The ex-dividend date is Tuesday, July 7th. This represents a dividend yield of 391.0%. Banco Bradesco’s dividend payout ratio (DPR) is currently 7.69%.

Banco Bradesco 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.