abrdn plc cut its holdings in Banco Bradesco S.A. (NYSE:BBD – Free Report) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,576,408 shares of the bank’s stock after selling 254,960 shares during the quarter. abrdn plc’s holdings in Banco Bradesco were worth $33,517,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of BBD. LGT Group Foundation acquired a new stake in shares of Banco Bradesco in the third quarter valued at approximately $30,000. TIAA Trust National Association acquired a new stake in shares of Banco Bradesco in the third quarter valued at approximately $35,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Banco Bradesco in the third quarter valued at approximately $36,000. HTLF Bank acquired a new stake in shares of Banco Bradesco in the fourth quarter valued at approximately $42,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of Banco Bradesco in the third quarter valued at approximately $44,000.
Banco Bradesco Price Performance
Banco Bradesco stock opened at $2.65 on Tuesday. Banco Bradesco S.A. has a 12 month low of $2.60 and a 12 month high of $3.68. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50-day moving average is $2.80 and its 200-day moving average is $3.04.
Banco Bradesco Cuts Dividend
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. HSBC lowered Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, The Goldman Sachs Group raised Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price target on the stock in a research note on Tuesday, February 20th.
Check Out Our Latest Analysis on BBD
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.
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