Henry James International Management Inc. Has $533,000 Stake in Banco Bradesco S.A. (NYSE:BBD)

Henry James International Management Inc. trimmed its stake in Banco Bradesco S.A. (NYSE:BBD) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,391 shares of the bank’s stock after selling 3,739 shares during the quarter. Henry James International Management Inc.’s holdings in Banco Bradesco were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Banco Bradesco by 9.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 522,098 shares of the bank’s stock valued at $1,488,000 after buying an additional 47,239 shares during the period. Park Avenue Securities LLC purchased a new position in Banco Bradesco in the third quarter valued at about $44,000. TIAA Trust National Association purchased a new stake in shares of Banco Bradesco during the 3rd quarter worth about $35,000. Cable Hill Partners LLC purchased a new stake in shares of Banco Bradesco during the 3rd quarter worth about $149,000. Finally, First Trust Direct Indexing L.P. raised its position in Banco Bradesco by 18.7% during the third quarter. First Trust Direct Indexing L.P. now owns 41,675 shares of the bank’s stock valued at $119,000 after acquiring an additional 6,575 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on BBD. The Goldman Sachs Group upgraded shares of Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 target price on the stock in a report on Tuesday, February 20th. Jefferies Financial Group lowered Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Finally, HSBC lowered shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th.

Banco Bradesco Stock Performance

NYSE BBD remained flat at $2.72 during trading on Friday. The company’s stock had a trading volume of 23,989,788 shares, compared to its average volume of 16,488,840. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.97 and a current ratio of 0.97. Banco Bradesco S.A. has a 12-month low of $2.60 and a 12-month high of $3.68. The company has a 50 day moving average price of $2.79 and a 200-day moving average price of $3.03.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Wednesday, February 7th. The bank reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $9.11 billion during the quarter. Banco Bradesco had a return on equity of 9.06% and a net margin of 6.38%. As a group, analysts anticipate that Banco Bradesco S.A. will post 0.37 earnings per share for the current fiscal year.

Banco Bradesco Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.0036 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, May 3rd.

Banco Bradesco Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.