Following trading activity for Tesla, Inc.(NASDAQ:TSLA), we can see that the stock has moved onto today's list of most actives. Hedge funds and other institutional investors own 2.73% of the company's stock. Comerica Bank boosted its stake in Banco Bradesco SA by 12.5% in the fourth quarter.
Along with these its year to date performance is standing at 17.79%. Nationwide Fund Advisors increased its stake in Banco Bradesco SA by 1,607.6% 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 in the last quarter. Symphony Asset Management Limited Liability Corporation stated it has 6,185 shares or 0.07% of all its holdings. Harding Loevner LP increased its stake in Banco Bradesco SA by 2.2% in the first quarter. Macquarie Group Ltd. now owns 3,157,550 shares of the bank's stock worth $27,496,000 after buying an additional 20,341 shares in the last quarter. Baillie Gifford & Co. bought a new stake in shares of Banco Bradesco SA during the fourth quarter worth about $121,180,000. Investec Asset Management LTD now owns 7,523,119 shares of the bank's stock worth $77,037,000 after buying an additional 123,422 shares during the period. Banco Bradesco SA has a 12-month low of $7.31 and a 12-month high of $11.00. The stock has a 50 day moving average price of $8.54 and a 200-day moving average price of $8.94. The firm has a market capitalization of $56.59 billion, a price-to-earnings ratio of 10.47 and a beta of 1.76.
Banco Bradesco SA (NYSE:BBD) last issued its quarterly earnings results on Thursday, April 27th.
Banco Bradesco S.A. has a consensus hold rating from 6 Wall Street analysts, and the number of shares now sold short amount to at least 0.9% of shares outstanding. The company holds 6.09 billion outstanding shares and 4.28 billion shares are floating in market. In terms of margins, Banco Bradesco S.A. has a gross margin of *TBA, with its operating margin at *TBA, and Banco Bradesco S.A. has a profit margin of *TBA. On average, equities research analysts forecast that Banco Bradesco SA will post $0.94 EPS for the current fiscal year.
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Additionally the company recently declared a dividend that will be paid on Tuesday August 8th, 2017. Investors of record on Friday, August 4th will be paid a $0.0058 dividend. This represents a yield of 7.47%.
Recent session action on shares of Banco Bradesco S.A. (NYSE:BBD) puts the stock on today's active list.
COPYRIGHT VIOLATION NOTICE: This piece was published by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of USA & global copyright & trademark law. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/bank-of-america-corp-de-acquires-3860878-shares-of-banco-bradesco-sa-bbd-updated-updated-updated/1023322.html. Scotiabank upgraded Banco Bradesco SA from an "underperform" rating to a "sector perform" rating in a report on Tuesday, April 11th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. (NASDAQ:TSLA). At the time of writing, the First Call consensus price target for the company is $293.06. Banco Bradesco S.A. was founded in 1943 and is headquartered in Osasco, Brazil. In addition, it offers other corporate loans and advances, such as short-term loans; working capital loans; corporate overdraft loans; discounting trade receivables, promissory notes, checks, credit card and supplier receivables, etc.; financing for purchase and sale of goods and services; investment lines for acquisition of assets and machinery; rural loans; and microcredit to low-income individuals and small companies.