HSCB Adds Over 1 Million Shares to its Banco Bradesco Position
According to a recent Form 13F filing submitted to the SEC, HSBC Holdings PLC disclosed a noteworthy and bullish investment in BBD stock. Here’s what you need to know about Banco Bradesco S.A., as well as HSBC Holdings and their long position in shares of BBD stock:
About HSBC Holdings PLC
HSBC Holdings PLC (NYSE: HSBC) is a British multinational banking and financial services holding company. HSBC is one of the largest banks in Europe by total assets, and one of the largest banks in the world.
About Banco Bradesco S.A. (BBD)
Banco Bradesco S.A., 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. Banco Bradesco S.A. was founded in 1943 and is headquartered in Osasco, Brazil. Banco Bradesco S.A. operates as a subsidiary of Cidade de Deus – Companhia Comercial de Participações.
HSBC Holdings Buys Stock in BBD
According to the most recent 13F filed by HSBC Holdings PLC, the firm added 1,346,411 shares of BBD stock to it holdings in the recent quarter. That brings their total long position in Banco Bradesco S.A. to 5,046,554 shares, representing approximately 0.0473% of the 10,658,499,359 BBD shares outstanding. Based on the most recent closing price of $2.85 per share of BBD, the entire HSBC Holdings position in Banco Bradesco S.A. is worth roughly $14,382,678.90.
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Hsbc Holdings Plc. Also be sure to check out more recent 13F filing analysis news here.