Virtu Financial LLC Raises Holdings in Banco Bradesco S.A. (NYSE:BBD)

Virtu Financial LLC raised its holdings in Banco Bradesco S.A. (NYSE:BBD) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,299 shares of the bank’s stock after purchasing an additional 17,018 shares during the quarter. Virtu Financial LLC’s holdings in Banco Bradesco were worth $281,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Natixis Advisors LLC increased its position in shares of Banco Bradesco by 12.0% during the 3rd quarter. Natixis Advisors LLC now owns 262,107 shares of the bank’s stock worth $697,000 after purchasing an additional 27,993 shares during the last quarter. Citigroup Inc. boosted its stake in Banco Bradesco by 1,497.2% during the third quarter. Citigroup Inc. now owns 6,095,475 shares of the bank’s stock worth $16,214,000 after buying an additional 5,713,831 shares during the period. Dynamic Technology Lab Private Ltd increased its position in shares of Banco Bradesco by 907.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 297,687 shares of the bank’s stock valued at $792,000 after acquiring an additional 268,128 shares during the last quarter. Townsquare Capital LLC purchased a new stake in shares of Banco Bradesco in the 3rd quarter valued at approximately $37,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Banco Bradesco in the 3rd quarter valued at approximately $7,182,000.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. HSBC raised shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price objective for the company in a research report on Monday, January 13th. The Goldman Sachs Group lowered Banco Bradesco from a “buy” rating to a “sell” rating and lowered their price target for the stock from $2.40 to $2.00 in a research report on Wednesday, February 12th.

Banco Bradesco Stock Performance

NYSE BBD opened at $2.30 on Friday. Banco Bradesco S.A. has a 1-year low of $1.84 and a 1-year high of $2.98. The stock has a 50-day moving average of $2.09 and a two-hundred day moving average of $2.26. The company has a market cap of $24.42 billion, a P/E ratio of 7.65, a P/E/G ratio of 0.32 and a beta of 0.94. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. As a group, analysts anticipate that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 7th. Shareholders of record on Wednesday, April 2nd will be given a $0.0398 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 20.78%. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is currently 6.67%.

Banco Bradesco 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.