26,400 Shares in Banco Bradesco S.A. (NYSE:BBD) Acquired by Enlightenment Research LLC

Enlightenment Research LLC acquired a new stake in Banco Bradesco S.A. (NYSE:BBD) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 26,400 shares of the bank’s stock, valued at approximately $124,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vontobel Holding Ltd. purchased a new position in Banco Bradesco in the fourth quarter valued at about $232,063,000. Sprucegrove Investment Management Ltd. boosted its holdings in shares of Banco Bradesco by 49.5% during the fourth quarter. Sprucegrove Investment Management Ltd. now owns 56,144,587 shares of the bank’s stock valued at $295,321,000 after acquiring an additional 18,577,208 shares during the period. BlackRock Inc. grew its position in Banco Bradesco by 21.6% in the 4th quarter. BlackRock Inc. now owns 55,595,775 shares of the bank’s stock worth $292,432,000 after purchasing an additional 9,859,936 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Banco Bradesco by 1,396.6% during the fourth quarter. Renaissance Technologies LLC now owns 8,211,479 shares of the bank’s stock worth $43,192,000 after buying an additional 7,662,818 shares during the period. Finally, Baillie Gifford & Co. grew its holdings in Banco Bradesco by 23.1% in the 1st quarter. Baillie Gifford & Co. now owns 40,818,225 shares of the bank’s stock worth $191,846,000 after buying an additional 7,660,504 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

NYSE:BBD opened at $5.50 on Friday. The firm has a market capitalization of $53.45 billion, a P/E ratio of 15.88 and a beta of 0.93. The stock has a 50 day moving average price of $4.70. Banco Bradesco S.A. has a 52 week low of $3.36 and a 52 week high of $5.70.

Banco Bradesco (NYSE:BBD) last announced its earnings results on Monday, May 3rd. The bank reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $1.23. The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $4.94 billion. Banco Bradesco had a net margin of 18.54% and a return on equity of 15.57%. On average, analysts expect that Banco Bradesco S.A. will post 0.49 EPS for the current year.

The company also recently disclosed a — dividend, which will be paid on Monday, August 9th. Shareholders of record on Tuesday, July 6th will be given a $0.0038 dividend. The ex-dividend date is Friday, July 2nd. This represents a dividend yield of 3%. This is an increase from Banco Bradesco’s previous — dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is currently 10.81%.

Separately, Zacks Investment Research raised Banco Bradesco from a “sell” rating to a “hold” rating in a research note on Monday, May 3rd.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through The Banking, and The Insurance. The company offers leasing, investment banking, brokerage, and consortium management services, overdrafts, as well as credit cards, real estate products, pension plans, and capitalization bonds.

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

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