Sun Sep 15 11:08:47 UTC 2024: ## Daiwa Securities Group Increases Stake in Banco Bradesco

**New York, NY – September 15, 2024** – Daiwa Securities Group Inc. has increased its holdings in Banco Bradesco S.A. (NYSE:BBD) by 1.1% during the second quarter, according to the firm’s latest Form 13F filing with the Securities and Exchange Commission. The investment firm now owns 716,345 shares of the Brazilian bank, valued at $1,605,000.

This move by Daiwa Securities follows similar activity from other large investors who have also adjusted their positions in Banco Bradesco. Notably, Truist Financial Corp, Ieq Capital LLC, Vanguard Personalized Indexing Management LLC, Quadrant Capital Group LLC, and PNC Financial Services Group Inc. all increased their stakes in the bank during the fourth quarter of 2023.

Banco Bradesco shares opened at $2.80 on Friday, with a market cap of $29.84 billion. The company has a price-to-earnings ratio of 12.17, a P/E/G ratio of 0.31 and a beta of 0.98.

On August 19th, The Goldman Sachs Group upgraded Banco Bradesco’s rating from “neutral” to “buy” and raised their price target from $2.50 to $3.20. This optimistic outlook is likely influenced by Banco Bradesco’s strong performance in the Brazilian banking sector, where it offers a wide range of financial products and services.

Banco Bradesco recently announced a monthly dividend of $0.0035 per share, payable on Tuesday, October 8th to shareholders of record as of September 4th. This represents an annualized dividend of $0.04 and a yield of 1.49%.

Investors interested in learning more about other hedge funds holding BBD can visit HoldingsChannel.com, which provides access to the latest 13F filings and insider trades.

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