Banco Bradesco (BBD) Stake Raised by Aperio Group LLC

Aperio Group LLC lifted its position in Banco Bradesco (NYSE:BBD) by 22.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,183,044 shares of the bank’s stock after purchasing an additional 215,812 shares during the period. Aperio Group LLC’s holdings in Banco Bradesco were worth $12,777,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BBD. Goldman Sachs Group Inc. lifted its holdings in shares of Banco Bradesco by 220.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 14,600,502 shares of the bank’s stock worth $149,509,000 after buying an additional 10,048,713 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Banco Bradesco by 36.9% in the fourth quarter. Fisher Asset Management LLC now owns 31,520,478 shares of the bank’s stock worth $322,770,000 after buying an additional 8,491,079 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Banco Bradesco by 1,000.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,944,264 shares of the bank’s stock worth $40,389,000 after buying an additional 3,585,864 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in shares of Banco Bradesco by 41.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 9,150,950 shares of the bank’s stock worth $93,705,000 after buying an additional 2,692,184 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Banco Bradesco in the fourth quarter worth about $25,631,000. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on BBD shares. JPMorgan Chase raised shares of Banco Bradesco from a “neutral” rating to an “overweight” rating in a research note on Monday, January 22nd. ValuEngine raised shares of Banco Bradesco from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Banco Bradesco from a “hold” rating to a “sell” rating in a research note on Tuesday, April 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.20.

Shares of BBD opened at $8.39 on Monday. The company has a market capitalization of $56.16 billion, a P/E ratio of 9.43, a P/E/G ratio of 0.50 and a beta of 1.86. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.93. Banco Bradesco has a 1-year low of $7.83 and a 1-year high of $13.18.

The business also recently announced a special dividend, which will be paid on Tuesday, July 10th. Investors of record on Tuesday, June 5th will be paid a $0.0053 dividend. The ex-dividend date is Monday, June 4th. Banco Bradesco’s dividend payout ratio is currently 6.74%.

Banco Bradesco Profile

Banco Bradesco SA provides banking and financial products and services to individuals, companies, and corporations and institutions. The company operates in two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. It accepts demand and time deposits, checking and savings accounts, 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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