Nomura Holdings Inc. lifted its stake in Banco Bradesco SA (NYSE:BBD) by 1,808.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,421 shares of the bank’s stock after buying an additional 194,657 shares during the period. Nomura Holdings Inc.’s holdings in Banco Bradesco were worth $3,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Banco Bradesco by 50.7% in the 2nd quarter. Signaturefd LLC now owns 20,573 shares of the bank’s stock worth $141,000 after acquiring an additional 6,925 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Banco Bradesco by 14.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 57,677 shares of the bank’s stock valued at $396,000 after purchasing an additional 7,061 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Banco Bradesco by 0.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,513,351 shares of the bank’s stock valued at $27,144,000 after purchasing an additional 10,300 shares during the period. Neuberger Berman Group LLC acquired a new stake in shares of Banco Bradesco in the first quarter valued at about $124,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Banco Bradesco in the first quarter valued at about $152,000. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE BBD traded up $0.22 during trading on Friday, reaching $8.60. 12,909,591 shares of the stock were exchanged, compared to its average volume of 11,879,851. Banco Bradesco SA has a twelve month low of $6.49 and a twelve month high of $13.18. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.69. The stock has a market cap of $47.39 billion, a P/E ratio of 9.66, a PEG ratio of 0.46 and a beta of 1.79.

Banco Bradesco (NYSE:BBD) last posted its earnings results on Wednesday, July 25th. The bank reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $7.31 billion for the quarter. Banco Bradesco had a net margin of 12.02% and a return on equity of 17.06%. On average, research analysts expect that Banco Bradesco SA will post 0.76 EPS for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Thursday, November 8th. Investors of record on Wednesday, October 3rd will be issued a $0.0046 dividend. The ex-dividend date of this dividend is Tuesday, October 2nd. This represents a yield of 0.88%. Banco Bradesco’s dividend payout ratio is presently 5.62%.

Several equities analysts have weighed in on BBD shares. ValuEngine upgraded shares of Banco Bradesco from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Zacks Investment Research upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Monday, October 1st. Finally, Santander upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating in a report on Friday, July 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $8.00.

Banco Bradesco Profile

Banco Bradesco SA provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. The company accepts checking and savings accounts, time deposits, interbank deposits from financial institutions, and accounts for salary purposes.

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

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