Bank of America Corp DE increased its position in Banco Bradesco SA by 67.5% in the first quarter. BlackRock Inc. now owns 39,254,732 shares of the bank's stock valued at $401,969,000 after buying an additional 38,690,111 shares during the period.
Institutional investors have recently modified their holdings of the company. Stifel Financial Corp bought a new stake in Banco Bradesco SA during the first quarter worth about $109,000. Allegis Investment Advisors LLC now owns 19,060 shares of the bank's stock valued at $195,000 after buying an additional 4,415 shares during the last quarter. Checchi Capital Advisers, LLC reduced its stake by selling 611 shares a decrease of 5.3% in the quarter. Finally, Vanguard Group Inc. boosted its position in shares of Banco Bradesco SA by 5.3% in the first quarter. World Asset Management Inc now owns 173,044 shares of the bank's stock valued at $1,772,000 after buying an additional 2,459 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Banco Bradesco SA by 49.5% in the first quarter.
Morgan Stanley grew its ownership by buying 2,189 shares an increase of 537.8%.
Banco Bradesco SA (BBD) traded up 0.76% during trading on Friday, reaching $9.30.
During last 5 trades the stock sticks nearly 8.97%. The company has a 50 day moving average price of $8.54 and a 200-day moving average price of $8.94. Banco Bradesco SA has a one year low of $7.09 and a one year high of $10.37.
The P/E ratio is 10.25 and the market value is 55.37B.
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Banco Bradesco SA (NYSE:BBD) last released its earnings results on Thursday, April 27th. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Banco Bradesco SA had a return on equity of 17.32% and a net margin of 9.08%. The company has its outstanding shares of 3.04 billion.
The business also recently disclosed a special dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 4th will be issued a dividend of $0.0058 per share. This represents a yield of 7.47%. The ex-dividend date of this dividend is Wednesday, August 2nd.
The ability for Banco Bradesco S.A., to deal with debt, means it current ratio is *TBA, and quick ratio is *TBA.
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A number of other equities analysts also recently weighed in on BBD. Zacks Investment Research raised shares of Banco Bradesco SA from a "sell" rating to a "hold" rating in a research note on Thursday, March 30th. Scotiabank upgraded Banco Bradesco SA from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, June 28th.
Wall Street analysts are predicting that Banco Bradesco Sa (NYSE:BBD) will report earnings per share of $0.22 in their quarterly report. Finally, ValuEngine upgraded Banco Bradesco SA from a buy rating to a strong-buy rating in a report on Friday, June 2nd. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". The share price has moved forward from its 20 days moving average 11.00% and positively from its 50 days moving average 7.36%. Banco Bradesco S.A. (BBD) received interesting focus from Active Investors and it has been trading on front line as comparing to it past average volume. The company operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond.