Schroder Investment Management Grows its Stake in Banco Bradesco
According to a recent Form 13F filing submitted to the SEC, Schroder Investment Management Group disclosed a noteworthy and bullish investment in BBD stock. Here’s what you need to know about Banco Bradesco S.A., as well as Schroder Investment Management Group and their long position in shares of BBD stock:
About Schroder Investment Management Group
Schroder Investment Management Group is an investment manager with broad expertise across public and private markets. Schroders make active investment decisions daily to help investors meet their financial future, with a particular focus on corporate responsibility and sustainability.
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.
Schroder Investment Management Group Buys Stock in BBD
According to the most recent 13F filed by Schroder Investment Management Group, the firm added 179,664 shares of BBD stock to it holdings in the recent quarter. That brings their total long position in Banco Bradesco S.A. to 1,585,620 shares, representing approximately 0.0149% 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 Schroder Investment Management Group position in Banco Bradesco S.A. is worth roughly $4,519,017.00.
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Schroder Investment Management Group. Also be sure to check out more recent 13F filing analysis news here.