Sei Investments Co. increased its position in shares of Banco Bradesco SA (NYSE:BBD) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,848,511 shares of the bank’s stock after buying an additional 208,878 shares during the quarter. Sei Investments Co. owned about 0.11% of Banco Bradesco worth $79,192,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BBD. Parallel Advisors LLC raised its stake in Banco Bradesco by 50.4% during the 3rd quarter. Parallel Advisors LLC now owns 6,660 shares of the bank’s stock worth $54,000 after buying an additional 2,232 shares during the period. 180 Wealth Advisors LLC acquired a new position in Banco Bradesco during the 4th quarter worth approximately $119,000. Campbell & CO Investment Adviser LLC acquired a new position in Banco Bradesco during the 4th quarter worth approximately $200,000. Csenge Advisory Group acquired a new position in Banco Bradesco during the 4th quarter worth approximately $205,000. Finally, Altfest L J & Co. Inc. acquired a new position in Banco Bradesco during the 4th quarter worth approximately $208,000. 2.72% of the stock is currently owned by institutional investors and hedge funds.

BBD traded down $0.06 during midday trading on Friday, reaching $7.55. 10,794,350 shares of the company were exchanged, compared to its average volume of 15,054,586. The company’s fifty day moving average price is $8.33 and its 200 day moving average price is $8.31. The company has a market cap of $62.97 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 1.04 and a beta of 0.79. Banco Bradesco SA has a one year low of $7.49 and a one year high of $10.55.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.0037 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, March 3rd. Banco Bradesco’s dividend payout ratio is currently 7.04%.

A number of research analysts recently weighed in on the company. UBS Group raised Banco Bradesco from a “neutral” rating to a “buy” rating in a research note on Thursday, November 21st. Zacks Investment Research raised Banco Bradesco from a “strong sell” rating to a “hold” rating in a research note on Thursday. ValuEngine raised Banco Bradesco from a “strong sell” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Bank of America lowered Banco Bradesco from a “buy” rating to a “neutral” rating in a report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Banco Bradesco has an average rating of “Hold” and an average target price of $10.29.

Banco Bradesco Profile

Banco Bradesco SA, together with its subsidiaries, provides banking and financial products and services to individuals, corporates, and businesses in Brazil and internationally. It operates through two segments, Banking and Insurance. The company accepts checking and savings accounts, demand deposits, time deposits, and interbank deposits.

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

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