GAM Holding AG raised its position in shares of Banco Bradesco SA (NYSE:BBD) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 760,000 shares of the company’s stock after buying an additional 40,000 shares during the period. GAM Holding AG’s holdings in Banco Bradesco SA were worth $6,893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BBD. First Trust Advisors LP increased its stake in shares of Banco Bradesco SA by 31.0% in the second quarter. First Trust Advisors LP now owns 13,620 shares of the company’s stock valued at $106,000 after buying an additional 3,225 shares during the last quarter. Invictus RG increased its stake in shares of Banco Bradesco SA by 68.5% in the second quarter. Invictus RG now owns 14,093 shares of the company’s stock valued at $110,000 after buying an additional 5,730 shares during the last quarter. Candriam Luxembourg S.C.A. increased its stake in shares of Banco Bradesco SA by 10.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 14,300 shares of the company’s stock valued at $112,000 after buying an additional 1,300 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in shares of Banco Bradesco SA by 10.0% in the second quarter. Johnson Investment Counsel Inc. now owns 16,060 shares of the company’s stock valued at $125,000 after buying an additional 1,460 shares during the last quarter. Finally, Exane Derivatives purchased a new stake in shares of Banco Bradesco SA during the second quarter valued at $147,000. Institutional investors own 2.62% of the company’s stock.

Institutional Ownership by Quarter for Banco Bradesco SA (NYSE:BBD)

Banco Bradesco SA (NYSE:BBD) traded down 3.139% during mid-day trading on Tuesday, reaching $8.485. 9,505,573 shares of the company were exchanged. The company’s 50 day moving average price is $9.52 and its 200-day moving average price is $8.55. Banco Bradesco SA has a 12 month low of $3.65 and a 12 month high of $10.49. The stock has a market capitalization of $46.94 billion, a P/E ratio of 9.449 and a beta of 1.77.

The firm also recently announced a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Tuesday, December 6th will be issued a dividend of $0.005 per share. The ex-dividend date is Friday, December 2nd. Banco Bradesco SA’s dividend payout ratio (DPR) is 7.60%.

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Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Banco Bradesco SA from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $9.30 target price on shares of Banco Bradesco SA in a report on Wednesday, September 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Banco Bradesco SA presently has a consensus rating of “Hold” and a consensus price target of $8.65.

About Banco Bradesco SA

Banco Bradesco SA (Bradesco) is a commercial bank. The Company offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. The Company operates and manages its business through two segments: the banking segment, and the insurance, pension plans and capitalization bond segment.

5 Day Chart for NYSE:BBD

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