Vanguard Personalized Indexing Management LLC Takes $46,000 Position in Banco Bradesco S.A. (NYSE:BBD) (2024)

Posted by ABMN Staff on May 31st, 2024

Vanguard Personalized Indexing Management LLC purchased a new stake in Banco Bradesco S.A. (NYSE:BBD – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,278 shares of the bank’s stock, valued at approximately $46,000.

Several other hedge funds have also added to or reduced their stakes in BBD. Envestnet Portfolio Solutions Inc. acquired a new stake in Banco Bradesco during the 3rd quarter worth approximately $36,000. HTLF Bank acquired a new position in shares of Banco Bradesco in the 4th quarter worth approximately $42,000. Waldron Private Wealth LLC acquired a new position in shares of Banco Bradesco in the 4th quarter worth approximately $47,000. Lindbrook Capital LLC lifted its position in shares of Banco Bradesco by 120.5% in the 4th quarter. Lindbrook Capital LLC now owns 13,510 shares of the bank’s stock worth $47,000 after purchasing an additional 7,382 shares during the period. Finally, Ieq Capital LLC lifted its position in shares of Banco Bradesco by 24.7% in the 4th quarter. Ieq Capital LLC now owns 20,714 shares of the bank’s stock worth $72,000 after purchasing an additional 4,103 shares during the period.

Banco Bradesco Price Performance

Shares of NYSE:BBD opened at $2.50 on Friday. The company has a market capitalization of $26.65 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 0.26 and a beta of 0.96. Banco Bradesco S.A. has a fifty-two week low of $2.45 and a fifty-two week high of $3.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.77 and a current ratio of 0.77. The company’s 50-day moving average is $2.70 and its 200 day moving average is $2.98.

Banco Bradesco (NYSE:BBD – Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The bank reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $9.64 billion for the quarter. Banco Bradesco had a net margin of 6.70% and a return on equity of 9.55%. On average, equities research 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 Tuesday, July 9th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.0037 per share. The ex-dividend date is Wednesday, June 5th. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 annualized dividend and a dividend yield of 1.77%. Banco Bradesco’s dividend payout ratio is currently 13.04%.

Analyst Ratings Changes

BBD has been the subject of several research analyst reports. The Goldman Sachs Group upgraded shares of Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price objective for the company in a research note on Tuesday, February 20th. Jefferies Financial Group lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

Check Out Our Latest Research Report on BBD

About Banco Bradesco

(Free Report)

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.

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