Investment Firm QRG Capital Management Inc. Increases Stake in Banco Bradesco S.A. (NYSE:BBD) by 126.1%

Are you interested in investing in Banco Bradesco S.A. (NYSE:BBD)? Well, you’re not alone! QRG Capital Management Inc. recently increased its position in the bank by 126.1% in the 1st quarter, showing confidence in the company’s potential. Other hedge funds and institutional investors have also been making moves, with Savvy Advisors Inc., Inspire Investing LLC, HTLF Bank, Aigen Investment Management LP, and Vanguard Personalized Indexing Management LLC all purchasing shares.

But what about Banco Bradesco’s stock performance? The company’s shares opened at $2.24 on Monday, with a 12-month low of $2.16 and a high of $3.65. The bank recently reported earnings of $0.08 per share, beating expectations and demonstrating a return on equity of 9.55% and a net margin of 6.70%. Analysts predict that Banco Bradesco will post 0.34 EPS for the current fiscal year.

In terms of dividends, Banco Bradesco recently announced a monthly dividend, with shareholders set to receive a $0.0035 dividend on September 12th. The ex-dividend date is August 5th, with an annualized dividend of $0.04 and a yield of 1.86%. The bank’s dividend payout ratio is currently 13.04%.

So, what does Banco Bradesco do exactly? The company provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. From accounts and loans to insurance and investment products, Banco Bradesco offers a wide range of financial services to its customers.

If you’re curious about what other hedge funds are doing with Banco Bradesco stock, you can visit HoldingsChannel.com to access the latest 13F filings and insider trades. Stay informed and make educated investment decisions with the latest information on Banco Bradesco.

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