PNC Financial Services Group Inc. grew its holdings in shares of Banco Bradesco S.A. (NYSE:BBD – Free Report) by 26.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 209,030 shares of the bank’s stock after purchasing an additional 43,837 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Banco Bradesco were worth $732,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. boosted its stake in Banco Bradesco by 8.6% during the 4th quarter. First Trust Direct Indexing L.P. now owns 45,245 shares of the bank’s stock worth $158,000 after purchasing an additional 3,570 shares during the last quarter. Gould Asset Management LLC CA boosted its stake in Banco Bradesco by 7.3% during the 4th quarter. Gould Asset Management LLC CA now owns 53,509 shares of the bank’s stock worth $187,000 after purchasing an additional 3,640 shares during the last quarter. SVB Wealth LLC boosted its stake in Banco Bradesco by 11.3% during the 4th quarter. SVB Wealth LLC now owns 38,140 shares of the bank’s stock worth $133,000 after purchasing an additional 3,868 shares during the last quarter. Ieq Capital LLC raised its holdings in shares of Banco Bradesco by 24.7% during the 4th quarter. Ieq Capital LLC now owns 20,714 shares of the bank’s stock worth $72,000 after acquiring an additional 4,103 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Banco Bradesco by 14.5% during the 4th quarter. SG Americas Securities LLC now owns 34,102 shares of the bank’s stock worth $119,000 after acquiring an additional 4,319 shares during the period.
Banco Bradesco Trading Down 2.2 %
NYSE BBD opened at $2.26 on Wednesday. Banco Bradesco S.A. has a 52 week low of $2.26 and a 52 week high of $3.65. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54. The business’s fifty day simple moving average is $2.54 and its 200-day simple moving average is $2.87.
Banco Bradesco (NYSE:BBD – Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The bank reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. Banco Bradesco had a return on equity of 9.55% and a net margin of 6.70%. The business had revenue of $9.64 billion for the quarter. On average, equities research analysts predict that Banco Bradesco S.A. will post 0.34 EPS for the current year.
Banco Bradesco Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.0035 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.04 annualized dividend and a dividend yield of 1.87%. Banco Bradesco’s dividend payout ratio is presently 65.22%.
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.
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Source: defenseworld.net
