Influential Analyst Rating Changes: Oshkosh Corporation (OSK), Banco Bradesco SA (BBD)

Doug Mendoza
August 13, 2017

The value of the investment in Banco Bradesco Sa American Depo decreased from $131,000 to $20,000 decreasing 84.7% quarter over quarter. Nationwide Fund Advisors now owns 635,452 shares of the bank's stock valued at $6,507,000 after buying an additional 598,238 shares during the last quarter. Aperio Group LLC increased its stake in Banco Bradesco SA by 10.0% in the second quarter. LLC now owns 10,961 shares of the bank's stock worth $112,000 after buying an additional 466 shares during the period. As of the end of the quarter Ubs Group Ag had bought a total of 2,874 shares growing its stake by 11,053.8%. Federated Investors Inc. PA increased its stake in Banco Bradesco SA by 50.5% in the fourth quarter. Harding Loevner LP now owns 23,590,604 shares of the bank's stock valued at $200,520,000 after buying an additional 2,414,918 shares during the period. The institutional investor held 147.81 million shares of the major banks company at the end of 2016Q4, valued at $1.29B, down from 160.80 million at the end of the previous reported quarter. Institutional investors and hedge funds own 2.94% of the company's stock.

Several analysts have released their opinion on Banco Bradesco S.A. (NYSE:BBD), with 1 analysts believing it is a strong buy. Capstone Asset Management Co. now owns 394,839 shares of the bank's stock valued at $4,043,000 after buying an additional 8,410 shares during the last quarter.

Banco Bradesco S.A. (BBD) has a market capitalization of 59.17 Billion which suggests the company is a huge company further suggesting that the shares of Banco Bradesco S.A. (BBD) are stable and safe compared to the lower market capitalization companies. Banco Bradesco SA has a 12-month low of $7.15 and a 12-month high of $10.37. $5.41's average target is -45.85% below currents $9.99 stock price.

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Also, the company disclosed a special dividend, expected to be paid on early Fri, Sep 8th. This dividend represents a yield of $0.69. The ex-dividend date is Wednesday, August 2nd. Banco Bradesco SA's dividend payout ratio is now 7.95%.

ILLEGAL ACTIVITY NOTICE: "Somewhat Favorable News Coverage Somewhat Unlikely to Impact Banco Bradesco SA (BBD) Stock Price" was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and worldwide copyright laws. The legal version of this story can be read at Deutsche Bank downgraded Banco Bradesco SA (ADR) (NYSE:BBD) on Tuesday, March 22 to "Hold" rating. Finally, Scotiabank upgraded shares of Banco Bradesco SA from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, June 28th. BidaskClub dropped Banco Bradesco from a "buy" recommendation to a "hold" recommendation in a analysis report on Friday morning, Jun 23rd. ValuEngine upgraded Banco Bradesco SA from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 2nd. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 3 average brokerage recommendation. The company presently has a consensus rating of "Buy" and an average price target of $10.65.

Investec Asset Management North America Inc decreased its stake in Banco Bradesco Sa (BBD) by 3.3% based on its latest 2016Q4 regulatory filing with the SEC. The Bank offers a range of banking and financial products and services in Brazil and overseas to individuals, large, mid-sized and small companies, and local and global corporations and institutions.

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