Banco Bradesco (BBD) Shares Bought by Guggenheim Capital LLC

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.

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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.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Thursday, February 1st. The bank reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. The company had revenue of $9.90 billion during the quarter, compared to analyst estimates of $8.20 billion. Banco Bradesco had a net margin of 9.87% and a return on equity of 17.44%. research analysts predict that Banco Bradesco will post 0.84 EPS for the current year.

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.

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

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