Company chares are trading at $9.16 which is a tad above the 50 day moving average of $8.54 and which is slightly above the 200 day moving average of $8.94. The 50 day moving average went up by +7.24% and the 200 day average went up $0.22 or +2.48%. Trading was light with 18,825K shares changing hands by the end of trading on Thursday. Volume was down 8.10% under the stocks average daily volume.
These funds have also shifted positions in (BBD). Fny Partners Fund Lp trimmed its holdings by selling 12,847 shares a decrease of 85.6%. Fny Partners Fund Lp owns 2,153 shares with a value of $20,000. The total value of its holdings decreased 84.7%. As of the end of the quarter Morgan Stanley had sold 6,026,255 shares trimming its stake by 75.8%. The value of the investment in BBD decreased from $69,203,000 to $19,650,000 a change of $49,553,000 since the last quarter.
As of quarter end Tower Research Capital LLC (trc) had acquired a total of 2,292 shares growing its position 9.9%. The value of the investment in Banco Bradesco Sa American Depo went from $201,000 to $260,000 increasing 29.4% quarter over quarter. As of the end of the quarter Schroder Investment Management Group had acquired 4,204,598 shares growing its stake by 26.6%. The value of the investment in Banco Bradesco Sa American Depo went from $137,648,000 to $206,484,000 increasing 50.0% since the last quarter.
On May 5 the company was changed to a “Neutral” in a report from UBS down from the previous “Buy” rating. On April 8 the stock rating was downgraded from “Neutral” to “Sell” by Citigroup.
On March 22 the company was downgraded to “Hold” from “Buy” in an announcement from Deutsche Bank. On March 15, 2016 Scotiabank starting coverage on the stock with a rating of “Underperform”.
On March 14 the stock rating was upgraded from “Neutral” to “Buy” in a report issued by Bank of America. On October 12 the stock rating was upgraded to “Buy” from “Hold” in a report from Deutsche Bank.
The company is now up since yesterday’s close of $8.81. Banco Bradesco Sa American Depo also recently declared a dividend for shareholders payable on Tuesday the 8th of August 2017. The dividend payment will be $0.018 per share for the quarter or $0.07 annualized. This dividend represents a yeild of $0.85 which is the dividend as a percentage of the current share price. The ex-dividend date will be Friday the 2nd of June 2017.
Banco Bradesco Sa American Depo’s P/E ratio is 10.32 and the market cap is 55.74B. In the latest earnings report the EPS was $0.89 and is estimated to be $0.93 for the current year with 6,085,073,000 shares outstanding. Next quarter’s EPS is expected be $0.22 with next year’s EPS anticipated to be $0.98.
Banco Bradesco S.A., launched on January 5, 1943, 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. The Bank’s segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities. The Financial segment consists of financial institutions and holding companies, which are responsible for managing financial resources, and credit card, consortium and asset management companies. The Insurance Group segment comprises insurance, pension plan and capitalization bond companies. It operates customer service network branches of approximately 4,480..