Banco Bradesco SA (BBD) Position Boosted by Strs Ohio

Strs Ohio boosted its position in Banco Bradesco SA (NYSE:BBD) by 10.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 406,560 shares of the bank’s stock after buying an additional 36,960 shares during the period. Strs Ohio’s holdings in Banco Bradesco SA were worth $3,455,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Highbridge Capital Management LLC purchased a new stake in Banco Bradesco SA during the fourth quarter worth $602,000. Capstone Asset Management Co. increased its stake in Banco Bradesco SA by 2.2% in the first quarter. Capstone Asset Management Co. now owns 394,839 shares of the bank’s stock worth $4,043,000 after buying an additional 8,410 shares in the last quarter. Nationwide Fund Advisors increased its stake in Banco Bradesco SA by 1,607.6% in the first quarter. Nationwide Fund Advisors now owns 635,452 shares of the bank’s stock worth $6,507,000 after buying an additional 598,238 shares in the last quarter. Profund Advisors LLC increased its stake in Banco Bradesco SA by 76.2% in the first quarter. Profund Advisors LLC now owns 494,090 shares of the bank’s stock worth $5,059,000 after buying an additional 213,627 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in Banco Bradesco SA by 21.6% in the first quarter. State of New Jersey Common Pension Fund D now owns 315,854 shares of the bank’s stock worth $3,235,000 after buying an additional 56,156 shares in the last quarter. 2.95% of the stock is owned by institutional investors.

Banco Bradesco SA (BBD) opened at 10.39 on Friday. The firm has a 50-day moving average price of $9.48 and a 200-day moving average price of $9.22. Banco Bradesco SA has a 52-week low of $7.15 and a 52-week high of $10.40. The company has a market cap of $63.22 billion, a PE ratio of 11.33 and a beta of 1.78.

The firm also recently declared a special dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 4th will be issued a $0.0058 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a dividend yield of 7.47%. Banco Bradesco SA’s payout ratio is currently 7.86%.

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A number of research firms recently commented on BBD. BidaskClub raised Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded Banco Bradesco SA from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. ValuEngine raised Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Scotiabank raised Banco Bradesco SA from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 28th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $10.65.

About Banco Bradesco SA

Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.