Crossmark Global Holdings Inc. Raises Stake in Banco Bradesco S.A. (NYSE:BBD)

Crossmark Global Holdings Inc. raised its holdings in Banco Bradesco S.A. (NYSE:BBD) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,657 shares of the bank’s stock after buying an additional 12,228 shares during the period. Crossmark Global Holdings Inc.’s holdings in Banco Bradesco were worth $667,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BBD. Boston Partners purchased a new position in Banco Bradesco in the first quarter valued at approximately $681,000. Sei Investments Co. lifted its position in Banco Bradesco by 1.9% in the second quarter. Sei Investments Co. now owns 21,780,190 shares of the bank’s stock valued at $48,788,000 after acquiring an additional 411,616 shares during the last quarter. Marshall Wace LLP boosted its stake in Banco Bradesco by 6,437.5% in the second quarter. Marshall Wace LLP now owns 7,904,153 shares of the bank’s stock valued at $17,705,000 after acquiring an additional 7,783,248 shares in the last quarter. Oaktree Fund Advisors LLC grew its holdings in shares of Banco Bradesco by 1.0% during the second quarter. Oaktree Fund Advisors LLC now owns 3,724,611 shares of the bank’s stock worth $8,343,000 after purchasing an additional 35,111 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Banco Bradesco by 67.3% in the 2nd quarter. Atomi Financial Group Inc. now owns 89,818 shares of the bank’s stock valued at $201,000 after purchasing an additional 36,125 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Banco Bradesco from a “neutral” rating to a “buy” rating and raised their price target for the stock from $2.50 to $3.20 in a research note on Monday, August 19th.

Banco Bradesco Stock Performance

BBD stock opened at $2.38 on Friday. The company has a fifty day moving average price of $2.62 and a 200 day moving average price of $2.54. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.36. Banco Bradesco S.A. has a 12 month low of $2.16 and a 12 month high of $3.65.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%. The company had revenue of $9.18 billion for the quarter, compared to analyst estimates of $5.62 billion. Equities research analysts anticipate that Banco Bradesco S.A. will post 0.34 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.0033 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.67%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Wednesday, December 4th. Banco Bradesco’s dividend payout ratio (DPR) is presently 11.54%.

Banco Bradesco 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.