XTX Topco Ltd Has $1.55 Million Position in Banco Bradesco S.A. (NYSE:BBD)

XTX Topco Ltd raised its position in Banco Bradesco S.A. (NYSE:BBD) by 36.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 813,424 shares of the bank’s stock after purchasing an additional 215,775 shares during the period. XTX Topco Ltd’s holdings in Banco Bradesco were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Banco Bradesco in the fourth quarter valued at about $30,000. Traveka Wealth LLC acquired a new stake in Banco Bradesco in the 4th quarter worth about $31,000. Peapack Gladstone Financial Corp boosted its holdings in Banco Bradesco by 54.5% in the 4th quarter. Peapack Gladstone Financial Corp now owns 17,012 shares of the bank’s stock valued at $32,000 after purchasing an additional 6,000 shares during the period. Blue Trust Inc. grew its position in shares of Banco Bradesco by 78.2% during the 4th quarter. Blue Trust Inc. now owns 20,055 shares of the bank’s stock worth $38,000 after purchasing an additional 8,801 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Banco Bradesco by 27.2% during the fourth quarter. HighTower Advisors LLC now owns 25,317 shares of the bank’s stock worth $48,000 after purchasing an additional 5,421 shares during the period.

Banco Bradesco Price Performance

Shares of NYSE:BBD opened at $2.20 on Tuesday. The firm has a 50 day moving average of $2.13 and a 200-day moving average of $2.20. Banco Bradesco S.A. has a 12 month low of $1.84 and a 12 month high of $2.96. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. The stock has a market capitalization of $23.41 billion, a PE ratio of 7.33, a PEG ratio of 0.32 and a beta of 0.56.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Friday, February 7th. The bank reported $0.09 EPS for the quarter, meeting the consensus estimate 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 predict 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, November 7th. Investors of record on Wednesday, April 2nd will be paid a $0.0398 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.48 annualized dividend and a yield of 21.68%. Banco Bradesco’s dividend payout ratio (DPR) is 6.67%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BBD. The Goldman Sachs Group cut 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 research note on Wednesday, February 12th. HSBC raised 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.

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 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.