Banco Bradesco SA (NYSE:BBD) Shares Bought by Wetherby Asset Management Inc

Lynette Rowe
August 13, 2017

Banco Bradesco SA accounts for about 31.2% of Seafarer Capital Partners LLC's portfolio, making the stock its 2nd largest position. World Asset Management Inc's holdings in Banco Bradesco SA were worth $1,529,000 as of its most recent SEC filing.

Institutional investors have recently made changes to their positions in the company. Highbridge Capital Management LLC acquired a new stake in Banco Bradesco SA during the fourth quarter valued at approximately $602,000.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Banco Bradesco Sa (NYSE:BBD) high price target of $10 and with a conservative view have low price target of $8. Credit Suisse AG now owns 1,222,071 shares of the bank's stock valued at $12,513,000 after buying an additional 128,113 shares in the last quarter. Additionally, it offers credit, debit, and pre-paid cards; cash management solutions; public authority solutions; asset management services; services related to capital markets and investment banking activities; intermediation and trading services; capital markets solutions; global banking services; import and export financing; consortiums; and receipts and payments solutions. Dorsey Wright & Associates raised its position in Banco Bradesco SA by 43.9% in the first quarter. The company's institutional ownership is monitored at 97.8 percent. Investec Asset Management LTD raised its position in Banco Bradesco SA by 1.7% in the first quarter. Aperio Group LLC now owns 831,143 shares of the bank's stock valued at $7,065,000 after buying an additional 75,290 shares in the last quarter.

Shares of Banco Bradesco SA (NYSE:BBD) opened at 9.85 on Tuesday. While the company's share hit the 52 week high on 05/16/17 stationing the value of $10.29. The stock has a 50 day moving average of $9.20 and a 200 day moving average of $9.19. Valuation of the business is $61.09 B, a PE book ratio of 10.69 along with a stock beta of 1.78. Banco Bradesco has a 1 year low of $7.15 and a 1 year high of $10.37.

Additionally the company recently announced a dividend paid on Tuesday August 8th, 2017. Stockholders of record on Friday, August 4th will be issued a $0.0058 dividend. This dividend represents a yeild of $0.68 which is the dividend as a percentage of the current share price. The ex-dividend date is Wednesday, August 2nd.

Banco Bradesco Sa (NYSE:BBD)'s trailing twelve month revenues are $24.68 Billion, whereas its price to sales ratio for the same period is 2.43.

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Media stories about Banco Bradesco (NYSE:BBD) has been popular fairly positive quite recently, Accern media research reports.

Goldman Sachs "Assumes" Banco Bradesco Sa (NYSE:BBD) in a research note issued to investors on 9/21/16 to Neutral. BidaskClub lowered shares of Banco Bradesco SA from a "buy" rating to a "hold" rating in a research report on Friday, June 23rd. Zacks Investment Research downgraded shares of Banco Bradesco SA from a "buy" rating to a "hold" rating in a report on Friday, May 5th. Finally, Scotiabank upgraded Banco Bradesco SA from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, June 28th.

On May 5, 2016 the stock rating was set at "Neutral" by UBS a cut from the previous "Buy" rating.

Banco Bradesco S.A., launched on January 5, 1943, is a commercial bank. The company operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond.

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