Banco BTG Pactual S.A. trimmed its position in shares of Banco Bradesco SA (NYSE:BBD) by 88.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,206 shares of the bank’s stock after selling 151,953 shares during the period. Banco BTG Pactual S.A.’s holdings in Banco Bradesco were worth $82,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BBD. OneAscent Financial Services LLC acquired a new stake in Banco Bradesco during the first quarter valued at approximately $49,000. Brandywine Oak Private Wealth LLC acquired a new stake in Banco Bradesco during the first quarter valued at approximately $50,000. GSA Capital Partners LLP acquired a new stake in Banco Bradesco during the first quarter valued at approximately $56,000. Toronto Dominion Bank acquired a new stake in Banco Bradesco during the fourth quarter valued at approximately $72,000. Finally, JustInvest LLC acquired a new stake in Banco Bradesco during the first quarter valued at approximately $89,000. 2.16% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on the company. Goldman Sachs Group raised Banco Bradesco from a “sell” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Monday, April 6th. ValuEngine raised Banco Bradesco from a “strong sell” rating to a “sell” rating in a report on Friday, May 1st. Citigroup downgraded Banco Bradesco from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Zacks Investment Research raised Banco Bradesco from a “strong sell” rating to a “hold” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their target price on Banco Bradesco from $9.50 to $6.50 and set an “overweight” rating on the stock in a report on Friday, March 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $7.50.

Shares of BBD traded up $0.24 on Wednesday, hitting $4.21. The company’s stock had a trading volume of 2,141,164 shares, compared to its average volume of 20,870,900. The company has a market capitalization of $35.08 billion, a PE ratio of 7.18, a PEG ratio of 5.61 and a beta of 0.99. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.63 and a quick ratio of 1.63. Banco Bradesco SA has a fifty-two week low of $2.68 and a fifty-two week high of $9.59. The company has a 50 day moving average price of $3.41 and a 200 day moving average price of $6.23.

The firm also recently announced a monthly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, June 3rd will be issued a $0.0033 dividend. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, June 2nd. Banco Bradesco’s payout ratio is presently 4.23%.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.

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

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