Banco Santander S.A. Acquires 149,942 Shares of Banco Bradesco SA (NYSE:BBD)

Banco Santander S.A. grew its position in Banco Bradesco SA (NYSE:BBD) by 24.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 764,586 shares of the bank’s stock after buying an additional 149,942 shares during the period. Banco Santander S.A.’s holdings in Banco Bradesco were worth $6,223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtus ETF Advisers LLC acquired a new stake in shares of Banco Bradesco in the 2nd quarter valued at $36,000. Exane Derivatives acquired a new stake in shares of Banco Bradesco in the 2nd quarter valued at $43,000. Lindbrook Capital LLC increased its stake in shares of Banco Bradesco by 28.1% in the 2nd quarter. Lindbrook Capital LLC now owns 6,348 shares of the bank’s stock valued at $62,000 after buying an additional 1,393 shares during the period. Parallel Advisors LLC increased its stake in shares of Banco Bradesco by 50.4% in the 3rd quarter. Parallel Advisors LLC now owns 6,660 shares of the bank’s stock valued at $54,000 after buying an additional 2,232 shares during the period. Finally, Shine Investment Advisory Services Inc. increased its stake in shares of Banco Bradesco by 20.0% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 7,244 shares of the bank’s stock valued at $71,000 after buying an additional 1,207 shares during the period. 3.07% of the stock is owned by institutional investors.

Shares of Banco Bradesco stock opened at $7.96 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.72. Banco Bradesco SA has a 12 month low of $7.53 and a 12 month high of $10.55. The business has a fifty day simple moving average of $8.34 and a 200 day simple moving average of $8.81. The stock has a market cap of $64.72 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.61 and a beta of 0.84.

The business also recently disclosed a — dividend, which was paid on Friday, November 8th. Investors of record on Thursday, October 3rd were paid a dividend of $0.0046 per share. The ex-dividend date was Wednesday, October 2nd. This represents a dividend yield of 2.5%. Banco Bradesco’s dividend payout ratio (DPR) is presently 7.04%.

BBD has been the subject of several research reports. Morgan Stanley raised Banco Bradesco from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, August 7th. Zacks Investment Research raised Banco Bradesco from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th. Finally, ValuEngine raised Banco Bradesco from a “strong sell” rating to a “sell” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.29.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.

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

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