Banco Bradesco S.A. (NYSE:BBD) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Banco Bradesco S.A. (NYSE:BBD) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,102 shares of the bank’s stock after purchasing an additional 4,319 shares during the period. SG Americas Securities LLC’s holdings in Banco Bradesco were worth $119,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BBD. Natixis acquired a new stake in Banco Bradesco in the 4th quarter valued at $26,000. LGT Group Foundation acquired a new stake in Banco Bradesco in the 3rd quarter valued at $30,000. CI Private Wealth LLC acquired a new stake in Banco Bradesco in the 4th quarter valued at $32,000. TIAA Trust National Association acquired a new stake in Banco Bradesco in the 3rd quarter valued at $35,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Banco Bradesco in the 3rd quarter valued at $36,000.

Banco Bradesco Stock Performance

Shares of BBD stock opened at $2.63 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.84. Banco Bradesco S.A. has a one year low of $2.60 and a one year high of $3.68. The company’s 50-day simple moving average is $2.80 and its 200-day simple moving average is $3.04.

Banco Bradesco Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 6th will be given a dividend of $0.0036 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.04 annualized dividend and a dividend yield of 1.65%. Banco Bradesco’s payout ratio is 14.29%.

Analysts Set New Price Targets

BBD has been the subject of several recent analyst reports. Jefferies Financial Group downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. The Goldman Sachs Group upgraded Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 target price for the company in a research note on Tuesday, February 20th. Finally, HSBC downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th.

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.