Banco Bradesco S.A. (NYSE:BBD) is on recovery track with 87.43% gain from a 1-year low price of $5.25. The company added 1.23% to attain the price of $9.84 on 7/3/2019. Throughout the recent session, the prices were hovering between $9.69 and $9.905. These shares are -2.44% up from its target price of $9.6 and the current market capitalization stands at $79.04B. The recent change has given its price a 8.53% lead over SMA 50 and -5.2% deficit over its 52-week high. The stock witnessed 3.72% gains, 9.51% gains and 12.23% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BBD’s volatility during a week at 2.83% and during a month it has been found around 2.61%.

What Does Banco Bradesco S.A. (BBD) Do?

The company describes itself in regulatory filings as, “Banco Bradesco SA engages in the provision of financial and insurance services. It operates through Banking, and Insurance segments. The Banking segment includes banking activities. The Insurance segment covers auto, health, life, accident and property insurance, and pension plans aw well as capitalization bonds. The company was founded by Amador Aguiar on March 10, 1943 and is headquartered in Osasco, Brazil.” [Text can be found here: under company description.]

Banco Bradesco S.A. (BBD) Top Holders

Institutional investors currently hold around $7.71 billion or 21.26% in BBD stock. Look at its top three institutional owners: Standard Life Aberdeen Plc owns $1.23 billion in Banco Bradesco S.A., which represents roughly 1.56% of the company’s market cap and approximately 16.01% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 45,308,026 shares of the stock are valued at $440.39 million. The third largest holder is Schroder Investment Management Group, which currently holds $427.99 million worth of this stock and that ownership represents nearly 0.54% of its market capitalization.

Banco Bradesco S.A. 13F Filings

At the end of March reporting period, 120 institutional holders increased their position in Banco Bradesco S.A. (NYSE:BBD) by some 69,472,416 shares, 106 decreased positions by 76,239,077 and 30 held positions by 647,691,573. That puts total institutional holdings at 793,403,066 shares, according to SEC filings. The stock grabbed 46 new institutional investments totaling 23,848,542 shares while 27 institutional investors sold out their entire positions totaling 5,235,247 shares.

Banco Bradesco S.A. (BBD) Analyst Guide

Several analysts have released their opinion on Banco Bradesco S.A. (NYSE:BBD), with 2 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 0 buy, 2 sell and 0 strong sell ratings, collectively assigning a 2.67 average brokerage recommendation [T1].