Banco Bradesco SA Target of Unusually Large Options Trading (BBD)

Banco Bradesco SA (NYSE:BBD) was the target of unusually large options trading on Wednesday. Stock traders acquired 14,555 put options on the stock. This is an increase of Infinity compared to the average daily volume of 0 put options.

Banco Bradesco SA (BBD) opened at $10.21 on Monday. The firm has a market cap of $68,341.46, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.91 and a beta of 1.76. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.11 and a quick ratio of 1.10.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 3rd will be issued a $0.006 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.07 annualized dividend and a yield of 0.70%. Banco Bradesco SA’s dividend payout ratio is presently 7.86%.

Several research firms recently weighed in on BBD. Zacks Investment Research cut Banco Bradesco SA from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Goldman Sachs Group, Inc. (The) raised Banco Bradesco SA from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company in a report on Monday, September 11th. Scotiabank cut Banco Bradesco SA from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 5th. ValuEngine raised Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, BidaskClub raised Banco Bradesco SA from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Banco Bradesco SA presently has an average rating of “Buy” and a consensus price target of $12.40.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aperio Group LLC raised its holdings in Banco Bradesco SA by 10.0% in the 2nd quarter. Aperio Group LLC now owns 831,143 shares of the bank’s stock valued at $7,065,000 after acquiring an additional 75,290 shares in the last quarter. BT Investment Management Ltd acquired a new position in shares of Banco Bradesco SA during the 2nd quarter worth $22,396,000. Capstone Asset Management Co. raised its holdings in shares of Banco Bradesco SA by 6.1% during the 2nd quarter. Capstone Asset Management Co. now owns 419,090 shares of the bank’s stock worth $3,562,000 after buying an additional 24,251 shares in the last quarter. World Asset Management Inc raised its holdings in shares of Banco Bradesco SA by 4.0% during the 2nd quarter. World Asset Management Inc now owns 179,902 shares of the bank’s stock worth $1,529,000 after buying an additional 6,858 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Banco Bradesco SA by 17.8% during the 2nd quarter. Vanguard Group Inc. now owns 38,651,585 shares of the bank’s stock worth $328,538,000 after buying an additional 5,844,907 shares in the last quarter. 2.79% of the stock is owned by hedge funds and other institutional investors.

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Banco Bradesco SA Company Profile

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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