Banco Bradesco SA $BBDO Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its stake in shares of Banco Bradesco SA (NYSE:BBDO) by 79.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,067,093 shares of the bank’s stock after purchasing an additional 1,360,089 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Banco Bradesco were worth $8,803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BBDO. Intergy Private Wealth LLC acquired a new stake in Banco Bradesco during the fourth quarter worth approximately $30,000. Compound Planning Inc. acquired a new stake in Banco Bradesco during the third quarter worth approximately $35,000. SBI Securities Co. Ltd. raised its holdings in Banco Bradesco by 974.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 13,898 shares of the bank’s stock worth $40,000 after purchasing an additional 12,604 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Banco Bradesco during the third quarter worth approximately $72,000. Finally, Ascent Group LLC acquired a new stake in Banco Bradesco during the fourth quarter worth approximately $112,000.

Banco Bradesco Stock Performance

Shares of BBDO opened at $2.84 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17. The firm has a market cap of $30.04 billion, a PE ratio of 7.27 and a beta of 0.55. The company’s 50 day simple moving average is $3.31 and its 200-day simple moving average is $3.26. Banco Bradesco SA has a 12-month low of $2.37 and a 12-month high of $3.80.

Banco Bradesco (NYSE:BBDO) last announced its earnings results on Wednesday, May 6th. The bank reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $13.07 billion for the quarter. Banco Bradesco had a net margin of 8.95% and a return on equity of 14.15%.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.0035 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, June 3rd. Banco Bradesco’s payout ratio is 5.13%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Banco Bradesco from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian commercial bank and financial services company headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, Bradesco has grown into one of Brazil’s largest private-sector banks, serving individual, small-business and corporate clients through an extensive network of branches, correspondents and digital channels.

The bank’s operations span retail and commercial banking products including deposit accounts, payment services, lending (personal, mortgage and corporate), credit cards and cash management.