Banco Bradesco SA (BBD) Stake Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in shares of Banco Bradesco SA (NYSE:BBD) by 17.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,591 shares of the bank’s stock after acquiring an additional 11,473 shares during the quarter. Ameriprise Financial Inc.’s holdings in Banco Bradesco SA were worth $643,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. boosted its stake in shares of Banco Bradesco SA by 1.4% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 15,596 shares of the bank’s stock worth $133,000 after acquiring an additional 217 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of Banco Bradesco SA by 10.0% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 21,252 shares of the bank’s stock worth $181,000 after acquiring an additional 1,932 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Banco Bradesco SA by 11.8% during the 2nd quarter. Eqis Capital Management Inc. now owns 21,534 shares of the bank’s stock worth $183,000 after acquiring an additional 2,266 shares in the last quarter. Gould Asset Management LLC CA boosted its stake in shares of Banco Bradesco SA by 10.0% during the 2nd quarter. Gould Asset Management LLC CA now owns 23,008 shares of the bank’s stock worth $196,000 after acquiring an additional 2,086 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in shares of Banco Bradesco SA by 7.2% during the 2nd quarter. Checchi Capital Advisers LLC now owns 24,028 shares of the bank’s stock worth $204,000 after acquiring an additional 1,612 shares in the last quarter. Institutional investors own 2.79% of the company’s stock.

Several analysts have recently issued reports on the company. Zacks Investment Research downgraded Banco Bradesco SA from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Goldman Sachs Group, Inc. (The) upgraded Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company in a research note on Monday, September 11th. Scotiabank downgraded Banco Bradesco SA from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 5th. ValuEngine upgraded Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.40.

ILLEGAL ACTIVITY WARNING: “Banco Bradesco SA (BBD) Stake Increased by Ameriprise Financial Inc.” was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://stocknewstimes.com/2017/11/12/banco-bradesco-sa-bbd-stake-increased-by-ameriprise-financial-inc.html.

Banco Bradesco SA (BBD) opened at $9.99 on Friday. Banco Bradesco SA has a 12-month low of $7.15 and a 12-month high of $11.86. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.10 and a current ratio of 1.11. The firm has a market capitalization of $66,868.88, a PE ratio of 10.48, a P/E/G ratio of 1.00 and a beta of 1.76.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 5th will be given a dividend of $0.0058 per share. The ex-dividend date is Monday, December 4th. This represents a $0.07 annualized dividend and a dividend yield of 0.70%. Banco Bradesco SA’s dividend payout ratio is presently 8.00%.

Banco Bradesco SA Profile

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.

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

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Banco Bradesco SA (BBD) Stake Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in shares of Banco Bradesco SA (NYSE:BBD) by 17.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,591 shares of the bank’s stock after acquiring an additional 11,473 shares during the quarter. Ameriprise Financial Inc.’s holdings in Banco Bradesco SA were worth $643,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. boosted its stake in shares of Banco Bradesco SA by 1.4% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 15,596 shares of the bank’s stock worth $133,000 after acquiring an additional 217 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of Banco Bradesco SA by 10.0% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 21,252 shares of the bank’s stock worth $181,000 after acquiring an additional 1,932 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Banco Bradesco SA by 11.8% during the 2nd quarter. Eqis Capital Management Inc. now owns 21,534 shares of the bank’s stock worth $183,000 after acquiring an additional 2,266 shares in the last quarter. Gould Asset Management LLC CA boosted its stake in shares of Banco Bradesco SA by 10.0% during the 2nd quarter. Gould Asset Management LLC CA now owns 23,008 shares of the bank’s stock worth $196,000 after acquiring an additional 2,086 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in shares of Banco Bradesco SA by 7.2% during the 2nd quarter. Checchi Capital Advisers LLC now owns 24,028 shares of the bank’s stock worth $204,000 after acquiring an additional 1,612 shares in the last quarter. Institutional investors own 2.79% of the company’s stock.

Several analysts have recently issued reports on the company. Zacks Investment Research downgraded Banco Bradesco SA from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Goldman Sachs Group, Inc. (The) upgraded Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company in a research note on Monday, September 11th. Scotiabank downgraded Banco Bradesco SA from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 5th. ValuEngine upgraded Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.40.

ILLEGAL ACTIVITY WARNING: “Banco Bradesco SA (BBD) Stake Increased by Ameriprise Financial Inc.” was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://stocknewstimes.com/2017/11/12/banco-bradesco-sa-bbd-stake-increased-by-ameriprise-financial-inc.html.

Banco Bradesco SA (BBD) opened at $9.99 on Friday. Banco Bradesco SA has a 12-month low of $7.15 and a 12-month high of $11.86. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.10 and a current ratio of 1.11. The firm has a market capitalization of $66,868.88, a PE ratio of 10.48, a P/E/G ratio of 1.00 and a beta of 1.76.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 5th will be given a dividend of $0.0058 per share. The ex-dividend date is Monday, December 4th. This represents a $0.07 annualized dividend and a dividend yield of 0.70%. Banco Bradesco SA’s dividend payout ratio is presently 8.00%.

Banco Bradesco SA Profile

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.

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

Receive News & Ratings for Banco Bradesco SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco SA and related companies with MarketBeat.com's FREE daily email newsletter.

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