Fisher Asset Management LLC Decreases Position in Banco Bradesco SA $BBD

Fisher Asset Management LLC lessened its holdings in Banco Bradesco SA (NYSE:BBD) by 40.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,926,543 shares of the bank’s stock after selling 35,478,749 shares during the period. Fisher Asset Management LLC owned approximately 0.50% of Banco Bradesco worth $176,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Corient Private Wealth LLC boosted its position in Banco Bradesco by 8.8% in the 2nd quarter. Corient Private Wealth LLC now owns 42,025 shares of the bank’s stock valued at $130,000 after buying an additional 3,402 shares during the period. GAMMA Investing LLC boosted its position in Banco Bradesco by 40.1% in the 4th quarter. GAMMA Investing LLC now owns 12,641 shares of the bank’s stock valued at $42,000 after buying an additional 3,619 shares during the period. EverSource Wealth Advisors LLC boosted its position in Banco Bradesco by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,784 shares of the bank’s stock valued at $33,000 after buying an additional 3,648 shares during the period. Orion Porfolio Solutions LLC boosted its position in Banco Bradesco by 1.6% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 230,065 shares of the bank’s stock valued at $778,000 after buying an additional 3,716 shares during the period. Finally, Osaic Holdings Inc. boosted its position in Banco Bradesco by 34.7% in the 2nd quarter. Osaic Holdings Inc. now owns 16,915 shares of the bank’s stock valued at $52,000 after buying an additional 4,355 shares during the period.

Banco Bradesco Price Performance

Shares of NYSE:BBD opened at $3.48 on Tuesday. The company’s fifty day moving average price is $3.74 and its 200 day moving average price is $3.70. Banco Bradesco SA has a 12 month low of $2.66 and a 12 month high of $4.30. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $36.82 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.43 and a beta of 0.56.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings results on Tuesday, March 31st. The bank reported $0.09 EPS for the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. The firm had revenue of $1.50 billion for the quarter. As a group, sell-side analysts predict that Banco Bradesco SA will post 0.5 earnings per share for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.0039 per share. The ex-dividend date is Wednesday, June 3rd. This represents a c) annualized dividend and a yield of 1.3%. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is 7.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings raised shares of Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th. Itau BBA Securities restated an “outperform” rating on shares of Banco Bradesco in a report on Friday, February 27th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.