Fisher Asset Management LLC Buys 50,839 Shares of Banco Bradesco S.A. (NYSE:BBD)

Fisher Asset Management LLC increased its holdings in shares of Banco Bradesco S.A. (NYSE:BBD) by 0.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,884,093 shares of the bank’s stock after purchasing an additional 50,839 shares during the quarter. Fisher Asset Management LLC’s holdings in Banco Bradesco were worth $144,939,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Banco Bradesco by 99.9% during the 3rd quarter. Blue Trust Inc. now owns 11,254 shares of the bank’s stock valued at $30,000 after purchasing an additional 5,623 shares during the last quarter. Townsquare Capital LLC acquired a new position in shares of Banco Bradesco in the third quarter worth approximately $37,000. R Squared Ltd acquired a new position in shares of Banco Bradesco in the fourth quarter worth approximately $30,000. Traveka Wealth LLC acquired a new position in Banco Bradesco in the fourth quarter valued at approximately $31,000. Finally, Insigneo Advisory Services LLC lifted its stake in Banco Bradesco by 23.9% in the third quarter. Insigneo Advisory Services LLC now owns 22,120 shares of the bank’s stock valued at $59,000 after buying an additional 4,260 shares during the period.

Banco Bradesco Trading Down 2.3 %

Shares of NYSE BBD opened at $1.95 on Friday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.72 and a current ratio of 1.01. The firm’s 50 day moving average price is $2.01 and its 200-day moving average price is $2.35. Banco Bradesco S.A. has a 52-week low of $1.84 and a 52-week high of $2.98. The company has a market cap of $20.70 billion, a PE ratio of 6.48, a P/E/G ratio of 0.32 and a beta of 0.94.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. On average, equities research analysts expect that Banco Bradesco S.A. 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 Friday, April 11th. Shareholders of record on Friday, March 7th will be given a $0.0033 dividend. This represents a $0.04 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, March 7th. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio is 6.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BBD shares. HSBC upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 target price on the stock in a report on Monday, January 13th. The Goldman Sachs Group downgraded shares of Banco Bradesco from a “buy” rating to a “sell” rating and cut their price target for the company from $2.40 to $2.00 in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. downgraded shares of Banco Bradesco from an “overweight” rating to a “neutral” rating in a report on Monday, November 25th.

Banco Bradesco Company Profile

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 two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.