Guggenheim Capital LLC boosted its position in Banco Bradesco (NYSE:BBD) by 45.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 209,237 shares of the bank’s stock after acquiring an additional 65,235 shares during the quarter. Guggenheim Capital LLC’s holdings in Banco Bradesco were worth $2,142,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Signaturefd LLC bought a new position in shares of Banco Bradesco during the fourth quarter valued at about $109,000. Quantitative Systematic Strategies LLC bought a new position in shares of Banco Bradesco during the fourth quarter valued at about $151,000. Advisor Partners LLC bought a new position in shares of Banco Bradesco during the fourth quarter valued at about $161,000. Verde Servicos Internacionais S.A. bought a new position in shares of Banco Bradesco during the fourth quarter valued at about $307,000. Finally, Stifel Financial Corp grew its stake in shares of Banco Bradesco by 69.1% during the third quarter. Stifel Financial Corp now owns 36,921 shares of the bank’s stock valued at $409,000 after buying an additional 15,091 shares during the last quarter. 2.62% of the stock is currently owned by institutional investors and hedge funds.
Banco Bradesco stock opened at $9.87 on Monday. The stock has a market cap of $74,954.73, a PE ratio of 11.09, a PEG ratio of 0.61 and a beta of 1.84. Banco Bradesco has a 1-year low of $7.83 and a 1-year high of $13.18.
The company also recently announced a special dividend, which will be paid on Friday, June 8th. Stockholders of record on Friday, May 4th will be issued a dividend of $0.0056 per share. The ex-dividend date is Thursday, May 3rd. This represents a dividend yield of 0.7%. Banco Bradesco’s dividend payout ratio is currently 6.74%.
A number of research analysts have recently issued reports on the company. ValuEngine raised Banco Bradesco from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. JPMorgan Chase upgraded shares of Banco Bradesco from a “neutral” rating to an “overweight” rating in a report on Monday, January 22nd. Citigroup upgraded shares of Banco Bradesco from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. Finally, Zacks Investment Research lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Banco Bradesco currently has an average rating of “Buy” and an average price target of $12.20.
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About Banco Bradesco
Banco Bradesco SA provides banking and financial products and services to individuals, companies, and corporations and institutions. The company operates in two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. It accepts demand and time deposits, checking and savings accounts, interbank deposits from financial institutions, and accounts for salary purposes.
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