Banco Bradesco SA (BBD) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC reduced its position in Banco Bradesco SA (NYSE:BBD) by 21.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,411,222 shares of the bank’s stock after selling 4,202,676 shares during the period. AQR Capital Management LLC owned about 0.25% of Banco Bradesco SA worth $157,811,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Aberdeen Asset Management PLC UK increased its stake in Banco Bradesco SA by 1.8% in the first quarter. Aberdeen Asset Management PLC UK now owns 150,436,627 shares of the bank’s stock worth $1,540,472,000 after buying an additional 2,624,120 shares during the period. BlackRock Inc. increased its stake in shares of Banco Bradesco SA by 6,852.4% in the first quarter. BlackRock Inc. now owns 39,254,732 shares of the bank’s stock worth $401,969,000 after buying an additional 38,690,111 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Banco Bradesco SA by 5.3% in the first quarter. Vanguard Group Inc. now owns 32,806,678 shares of the bank’s stock worth $335,940,000 after buying an additional 1,658,539 shares during the last quarter. Harding Loevner LP increased its stake in shares of Banco Bradesco SA by 2.2% in the first quarter. Harding Loevner LP now owns 21,175,686 shares of the bank’s stock worth $216,839,000 after buying an additional 453,801 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Banco Bradesco SA by 12.4% in the first quarter. Baillie Gifford & Co. now owns 15,633,626 shares of the bank’s stock worth $160,088,000 after buying an additional 1,720,966 shares during the last quarter. 2.74% of the stock is owned by institutional investors and hedge funds.

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

Banco Bradesco SA (BBD) traded up 1.10% on Friday, hitting $8.25. 9,064,188 shares of the company were exchanged. The firm’s 50 day moving average is $8.95 and its 200 day moving average is $8.90. Banco Bradesco SA has a 52 week low of $6.28 and a 52 week high of $10.37. The company has a market capitalization of $50.20 billion, a P/E ratio of 9.16 and a beta of 1.73.

Banco Bradesco SA (NYSE:BBD) last released its quarterly earnings results on Thursday, April 27th. The bank reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The company had revenue of $13.25 billion for the quarter. Banco Bradesco SA had a net margin of 9.08% and a return on equity of 17.32%. On average, equities research analysts forecast that Banco Bradesco SA will post $0.94 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which will be paid on Tuesday, August 8th. Investors of record on Thursday, July 6th will be given a dividend of $0.006 per share. The ex-dividend date is Monday, July 3rd. This represents a yield of 0.75%. Banco Bradesco SA’s dividend payout ratio is presently 7.95%.

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A number of brokerages have recently issued reports on BBD. Zacks Investment Research raised shares of Banco Bradesco SA from a “sell” rating to a “hold” rating in a research report on Thursday, March 30th. Scotiabank raised shares of Banco Bradesco SA from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 11th. Finally, ValuEngine raised shares of Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average 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.

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