WINTON GROUP Ltd Takes Position in Banco Bradesco SA $BBD

WINTON GROUP Ltd bought a new stake in Banco Bradesco SA (NYSE:BBD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 842,800 shares of the bank’s stock, valued at approximately $2,807,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cibc World Market Inc. lifted its holdings in shares of Banco Bradesco by 133.9% in the 4th quarter. Cibc World Market Inc. now owns 166,030 shares of the bank’s stock valued at $553,000 after purchasing an additional 95,051 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Banco Bradesco by 7.0% in the 4th quarter. Natixis Advisors LLC now owns 15,422,826 shares of the bank’s stock valued at $51,358,000 after purchasing an additional 1,004,679 shares during the last quarter. Eurizon Asset Management Slovakia sprav. spol. a.s. purchased a new stake in shares of Banco Bradesco in the 4th quarter valued at about $267,000. Employees Retirement System of Texas lifted its holdings in shares of Banco Bradesco by 102.8% in the 4th quarter. Employees Retirement System of Texas now owns 1,307,728 shares of the bank’s stock valued at $4,355,000 after purchasing an additional 662,926 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in shares of Banco Bradesco by 7.0% in the 4th quarter. Bleakley Financial Group LLC now owns 193,135 shares of the bank’s stock valued at $643,000 after purchasing an additional 12,704 shares during the last quarter.

Banco Bradesco Stock Down 0.1%

BBD opened at $3.36 on Monday. The business has a 50 day moving average price of $3.72 and a two-hundred day moving average price of $3.69. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.17. The company has a market cap of $35.55 billion, a PE ratio of 8.60, a P/E/G ratio of 0.41 and a beta of 0.53. Banco Bradesco SA has a 52 week low of $2.73 and a 52 week high of $4.30.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Tuesday, March 31st. The bank reported $0.09 EPS for the quarter. The firm had revenue of $1.50 billion during the quarter. Banco Bradesco had a return on equity of 14.15% and a net margin of 9.24%. As a group, research analysts anticipate that Banco Bradesco SA will post 0.5 EPS for the current year.

Banco Bradesco Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.0039 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a c) annualized dividend and a yield of 1.4%. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio (DPR) is currently 7.69%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Itau BBA Securities reissued an “outperform” rating on shares of Banco Bradesco in a report on Friday, February 27th. Weiss Ratings raised Banco Bradesco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Banco Bradesco Company Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.