Banco Bradesco S.A. (NYSE:BBDO – Get Rating) shares saw unusually-strong trading volume on Monday . Approximately 1,600 shares were traded during trading, a decline of 94% from the previous session's volume of 24,632 shares.The stock last traded at $2.38 and had previously closed at $2.46.
Banco Bradesco Stock Down 3.7 %
The stock has a market capitalization of $24.83 billion, a price-to-earnings ratio of 5.76 and a beta of 0.97. The company has a quick ratio of 1.56, a current ratio of 1.52 and a debt-to-equity ratio of 1.69. The firm has a 50-day moving average of $2.80 and a two-hundred day moving average of $2.91.
Get Banco Bradesco alerts:Banco Bradesco Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, January 9th. Investors of record on Monday, December 5th will be given a dividend of $0.0024 per share. This represents a $0.03 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, December 2nd. Banco Bradesco's payout ratio is 7.42%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of BBDO. Envestnet Asset Management Inc. acquired a new position in Banco Bradesco during the third quarter valued at $36,000. Cable Hill Partners LLC acquired a new position in Banco Bradesco in the 1st quarter worth about $40,000. Virtu Financial LLC increased its position in Banco Bradesco by 63.9% in the 3rd quarter. Virtu Financial LLC now owns 17,092 shares of the bank's stock worth $51,000 after purchasing an additional 6,661 shares during the last quarter. Citadel Advisors LLC increased its position in Banco Bradesco by 43.4% in the 3rd quarter. Citadel Advisors LLC now owns 17,012 shares of the bank's stock worth $51,000 after purchasing an additional 5,151 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Banco Bradesco in the 1st quarter worth about $56,000. 0.01% of the stock is owned by institutional investors and hedge funds.About Banco Bradesco
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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 segment, 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; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.
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