Banco Bradesco S.A. (NYSE:BBD) Shares Purchased by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC boosted its holdings in shares of Banco Bradesco S.A. (NYSE:BBD) by 34.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 46,774 shares of the bank’s stock after purchasing an additional 11,883 shares during the period. Catalytic Wealth RIA LLC’s holdings in Banco Bradesco were worth $124,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Banco Santander S.A. increased its holdings in Banco Bradesco by 348.4% during the 1st quarter. Banco Santander S.A. now owns 1,692,954 shares of the bank’s stock valued at $4,842,000 after acquiring an additional 1,315,380 shares in the last quarter. Boston Partners purchased a new position in Banco Bradesco during the 1st quarter valued at about $681,000. Sei Investments Co. increased its holdings in Banco Bradesco by 1.9% during the 2nd 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 in the last quarter. Marshall Wace LLP increased its holdings in Banco Bradesco by 6,437.5% during the 2nd 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. Finally, Oaktree Fund Advisors LLC boosted its stake in shares of Banco Bradesco by 1.0% during the 2nd 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.

Analyst Upgrades and Downgrades

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

Banco Bradesco Stock Performance

Shares of BBD opened at $2.31 on Wednesday. Banco Bradesco S.A. has a 1 year low of $2.16 and a 1 year high of $3.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a fifty day moving average of $2.65 and a 200-day moving average of $2.55.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Banco Bradesco had a net margin of 7.43% and a return on equity of 10.17%. The business had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $5.62 billion. Equities analysts forecast that Banco Bradesco S.A. will post 0.34 earnings per share for the current year.

Banco Bradesco Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be given a $0.0033 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.72%. This is a positive change 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 is 11.54%.

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.