Generali Investments CEE investicni spolecnost a.s. Makes New $507,000 Investment in Banco Bradesco S.A. (NYSE:BBD)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Banco Bradesco S.A. (NYSE:BBD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 265,618 shares of the bank’s stock, valued at approximately $507,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd purchased a new position in Banco Bradesco in the 4th quarter worth $30,000. Traveka Wealth LLC acquired a new position in shares of Banco Bradesco in the fourth quarter valued at about $31,000. Townsquare Capital LLC purchased a new position in shares of Banco Bradesco in the third quarter worth about $37,000. Blue Trust Inc. lifted its holdings in shares of Banco Bradesco by 78.2% during the fourth quarter. Blue Trust Inc. now owns 20,055 shares of the bank’s stock worth $38,000 after purchasing an additional 8,801 shares during the period. Finally, Vestmark Advisory Solutions Inc. lifted its holdings in shares of Banco Bradesco by 135.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 27,675 shares of the bank’s stock worth $53,000 after purchasing an additional 15,911 shares during the period.

Analysts Set New Price Targets

BBD has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered shares of Banco Bradesco from an “overweight” rating to a “neutral” rating in a research report on Monday, November 25th. HSBC raised shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 target price for the company in a report on Monday, January 13th. Finally, The Goldman Sachs Group lowered shares of Banco Bradesco from a “buy” rating to a “sell” rating and lowered their price target for the company from $2.40 to $2.00 in a report on Wednesday, February 12th.

Banco Bradesco Trading Up 0.2 %

Shares of NYSE:BBD opened at $2.07 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. Banco Bradesco S.A. has a 12-month low of $1.84 and a 12-month high of $2.98. The business has a 50 day moving average of $2.02 and a two-hundred day moving average of $2.32. The company has a market capitalization of $21.98 billion, a PE ratio of 6.88, a PEG ratio of 0.32 and a beta of 0.94.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Friday, February 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. As a group, analysts forecast that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 7th will be given a dividend of $0.0033 per share. The ex-dividend date is Friday, March 7th. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.90%. Banco Bradesco’s dividend payout ratio (DPR) is 6.67%.

Banco Bradesco Company Profile

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.