45,919 Shares in Banco Bradesco S.A. (NYSE:BBD) Purchased by Simplicity Solutions LLC

Simplicity Solutions LLC bought a new stake in Banco Bradesco S.A. (NYSE:BBD) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 45,919 shares of the bank’s stock, valued at approximately $161,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of Banco Bradesco by 27.6% during the 2nd quarter. Creative Planning now owns 15,319 shares of the bank’s stock valued at $50,000 after acquiring an additional 3,312 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Banco Bradesco by 4.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 76,357 shares of the bank’s stock worth $218,000 after purchasing an additional 3,476 shares in the last quarter. Captrust Financial Advisors increased its position in Banco Bradesco by 21.4% during the 2nd quarter. Captrust Financial Advisors now owns 20,501 shares of the bank’s stock worth $67,000 after purchasing an additional 3,610 shares in the last quarter. Guggenheim Capital LLC increased its position in Banco Bradesco by 6.5% during the 2nd quarter. Guggenheim Capital LLC now owns 60,093 shares of the bank’s stock worth $208,000 after purchasing an additional 3,651 shares in the last quarter. Finally, Blair William & Co. IL increased its position in Banco Bradesco by 7.1% during the 3rd quarter. Blair William & Co. IL now owns 57,903 shares of the bank’s stock worth $165,000 after purchasing an additional 3,835 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. The Goldman Sachs Group upgraded Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price target for the company in a report on Tuesday, February 20th. HSBC cut Banco Bradesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Jefferies Financial Group cut Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

Banco Bradesco Stock Performance

Banco Bradesco stock opened at $2.64 on Monday. The stock has a market cap of $28.14 billion, a P/E ratio of 12.57 and a beta of 0.95. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84. The stock has a 50 day moving average of $2.80 and a 200-day moving average of $3.04. Banco Bradesco S.A. has a 52 week low of $2.60 and a 52 week high of $3.68.

Banco Bradesco Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.0036 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, May 3rd. Banco Bradesco’s dividend payout ratio (DPR) is currently 14.29%.

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.