Lindbrook Capital LLC Has $47,000 Stock Position in Banco Bradesco S.A. (NYSE:BBD)

Lindbrook Capital LLC grew its stake in shares of Banco Bradesco S.A. (NYSE:BBD) by 120.5% in the 4th quarter, HoldingsChannel reports. The fund owned 13,510 shares of the bank’s stock after purchasing an additional 7,382 shares during the quarter. Lindbrook Capital LLC’s holdings in Banco Bradesco were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Caprock Group LLC boosted its position in shares of Banco Bradesco by 9.6% in the third quarter. Caprock Group LLC now owns 85,558 shares of the bank’s stock valued at $244,000 after acquiring an additional 7,506 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in Banco Bradesco in the 3rd quarter worth about $198,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Banco Bradesco by 9.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 522,098 shares of the bank’s stock valued at $1,488,000 after purchasing an additional 47,239 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Banco Bradesco during the 3rd quarter worth approximately $44,000. Finally, Henry James International Management Inc. increased its holdings in shares of Banco Bradesco by 16.0% during the third quarter. Henry James International Management Inc. now owns 156,130 shares of the bank’s stock worth $445,000 after purchasing an additional 21,551 shares during the period.

Banco Bradesco Stock Performance

Shares of Banco Bradesco stock opened at $2.65 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average of $2.80 and a 200-day moving average of $3.03. Banco Bradesco S.A. has a 1-year low of $2.60 and a 1-year high of $3.68.

Banco Bradesco Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.0036 per share. This represents a $0.04 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, May 3rd. Banco Bradesco’s payout ratio is presently 14.29%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BBD. The Goldman Sachs Group upgraded Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price target for the company in a research note on Tuesday, February 20th. HSBC downgraded Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Jefferies Financial Group cut Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Friday, February 9th.

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.