SG Americas Securities LLC Reduces Stake in Banco Bradesco SA (BBD)

SG Americas Securities LLC lowered its position in Banco Bradesco SA (NYSE:BBD) by 39.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 435,855 shares of the bank’s stock after selling 286,400 shares during the period. SG Americas Securities LLC’s holdings in Banco Bradesco SA were worth $4,463,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Capital Fund Management S.A. boosted its stake in shares of Banco Bradesco SA by 9.6% in the third quarter. Capital Fund Management S.A. now owns 276,570 shares of the bank’s stock worth $2,508,000 after buying an additional 24,224 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Banco Bradesco SA by 1.8% in the third quarter. Nordea Investment Management AB now owns 787,745 shares of the bank’s stock worth $7,145,000 after buying an additional 14,044 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Banco Bradesco SA by 16.2% in the third quarter. BlackRock Fund Advisors now owns 7,053,586 shares of the bank’s stock worth $63,976,000 after buying an additional 983,333 shares during the last quarter. Horseman Capital Management Ltd boosted its stake in shares of Banco Bradesco SA by 26.3% in the third quarter. Horseman Capital Management Ltd now owns 5,145,017 shares of the bank’s stock worth $46,665,000 after buying an additional 1,070,900 shares during the last quarter. Finally, Marietta Investment Partners LLC bought a new stake in shares of Banco Bradesco SA during the third quarter worth $2,684,000. Institutional investors and hedge funds own 2.70% of the company’s stock.

Institutional Ownership by Quarter for Banco Bradesco SA (NYSE:BBD)

Shares of Banco Bradesco SA (NYSE:BBD) traded up 5.04% during trading on Friday, reaching $8.54. The company had a trading volume of 31,155,885 shares. Banco Bradesco SA has a 12-month low of $5.55 and a 12-month high of $10.37. The company has a market cap of $51.97 billion, a P/E ratio of 9.23 and a beta of 1.67. The firm has a 50-day moving average of $9.45 and a 200-day moving average of $8.90.

Banco Bradesco SA (NYSE:BBD) last posted its earnings results on Thursday, April 27th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Banco Bradesco SA had a net margin of 10.43% and a return on equity of 17.58%. The company had revenue of $13.25 billion during the quarter. On average, equities research analysts anticipate that Banco Bradesco SA will post $0.93 EPS for the current year.

The company also recently announced a special dividend, which will be paid on Tuesday, August 8th. Stockholders of record on Thursday, July 6th will be paid a $0.006 dividend. This represents a dividend yield of 0.75%. The ex-dividend date of this dividend is Monday, July 3rd. Banco Bradesco SA’s dividend payout ratio (DPR) is currently 7.60%.

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BBD has been the topic of a number of research reports. Zacks Investment Research cut Banco Bradesco SA from a “buy” rating to a “hold” rating in a research report on Tuesday, January 24th. Scotiabank raised Banco Bradesco SA from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 11th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.65.

Banco Bradesco SA Company Profile

Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

12 Month Chart for NYSE:BBD

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