Oppenheimer Asset Management Inc. Reduces Stake in Banco Bradesco S.A. (NYSE:BBD)

Oppenheimer Asset Management Inc. has decided to reduce its holdings in Banco Bradesco S.A. (NYSE:BBD) by 15.6% during the fourth quarter, as revealed in the firm's latest 13F filing with the Securities and Exchange Commission. Following this adjustment, Oppenheimer now owns 123,740 shares of Banco Bradesco, having sold 22,802 shares over the quarter. The value of Oppenheimer’s holdings in Banco Bradesco stands at approximately $236,000 as per the most recent SEC filing.

In addition to Oppenheimer's changes, several other large investors have also adjusted their investments in Banco Bradesco. R Squared Ltd acquired a new position in Banco Bradesco in the fourth quarter, valued at $30,000, while Traveka Wealth LLC similarly purchased a new stake worth $31,000. Townsquare Capital LLC entered a new position in Banco Bradesco during the previous quarter, amounting to $37,000. Moreover, Blue Trust Inc. increased its investment in Banco Bradesco shares by 78.2% in the fourth quarter, now holding 20,055 shares valued at $38,000 after obtaining an additional 8,801 shares. Eagle Bay Advisors LLC has also expanded its ownership by 37.0% in the same period, currently owning 27,400 shares valued at $54,000.

Banco Bradesco's Stock Performance

As of Friday, the shares of Banco Bradesco (NYSE:BBD) opened at $2.07. The bank's stock has experienced a one-year low of $1.84 and a high of $2.98. Its current financial metrics include a debt-to-equity ratio of 2.48, a current ratio of 1.01, and a quick ratio of 0.72. The company’s 50-day and 200-day moving averages are $2.02 and $2.33, respectively. Banco Bradesco has a market capitalization of $21.98 billion, a P/E ratio of 6.88, and a P/E/G ratio of 0.32, with a beta of 0.94.

Banco Bradesco recently announced its quarterly earnings on February 7, reporting earnings per share (EPS) of $0.09, aligning with analysts' expectations. The bank has a net margin of 8.46% and a return on equity of 11.43%. Analysts predict that Banco Bradesco will achieve an EPS of 0.37 for the current fiscal year.

Recent Dividend Declaration

The company has also declared a monthly dividend, set to be paid on April 11. Shareholders recorded on March 7 will receive a dividend of $0.0033 per share. This marks an increase from the previous monthly dividend of $0.00, reflecting an annualized dividend of $0.04 and a yield of 1.90%. The current payout ratio stands at 6.67%.

Analysts Set Price Targets

About Banco Bradesco

Banco Bradesco S.A., along with its subsidiaries, offers a diverse range of banking products and services to individuals and corporations both in Brazil and internationally. The bank operates through two main segments: Banking and Insurance. Its services include current, savings, and salary accounts; various types of loans; credit and debit cards; insurance products; investment options; and internet banking services, among others.

Further Reading

• Five stocks we like better than Banco Bradesco
• Breakout Stocks: What They Are and How to Identify Them
• Investing in Small-Cap AI: Powering the Next Tech Revolution
• The 3 Best Retail Stocks to Shop for in August
• Occidental Petroleum Drops to 52-Week Low: Buy, Sell, or Hold?
• How to find penny stocks to invest and trade
• Super Micro Computer Is Now NASDAQ Compliant—But Is It a Buy?

Oppenheimer, Banco, Bradesco