Sei Investments Co. grew its stake in shares of Banco Bradesco SA (NYSE:BBD) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 8,848,511 shares of the bank’s stock after buying an additional 208,878 shares during the period. Sei Investments Co.’s holdings in Banco Bradesco were worth $79,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. SignalPoint Asset Management LLC purchased a new stake in shares of Banco Bradesco during the fourth quarter worth $230,000. Parallel Advisors LLC lifted its position in shares of Banco Bradesco by 50.4% during the third quarter. Parallel Advisors LLC now owns 6,660 shares of the bank’s stock worth $54,000 after acquiring an additional 2,232 shares in the last quarter. 180 Wealth Advisors LLC purchased a new stake in shares of Banco Bradesco during the fourth quarter worth $119,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Banco Bradesco during the fourth quarter worth $200,000. Finally, Csenge Advisory Group purchased a new stake in shares of Banco Bradesco during the fourth quarter worth $205,000. Hedge funds and other institutional investors own 2.72% of the company’s stock.

Shares of NYSE:BBD traded down $0.06 during trading on Friday, hitting $7.55. 10,794,350 shares of the company were exchanged, compared to its average volume of 15,054,586. The company has a market cap of $62.97 billion, a PE ratio of 10.39, a P/E/G ratio of 1.04 and a beta of 0.79. The stock has a 50 day moving average of $8.33 and a 200 day moving average of $8.31. Banco Bradesco SA has a 52-week low of $7.49 and a 52-week high of $10.55.

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

Several equities research analysts have issued reports on the company. Bank of America downgraded Banco Bradesco from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 21st. Zacks Investment Research upgraded Banco Bradesco from a “strong sell” rating to a “hold” rating in a research report on Thursday. ValuEngine upgraded Banco Bradesco from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Finally, UBS Group upgraded Banco Bradesco from a “neutral” rating to a “buy” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.29.

Banco Bradesco Company 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.

Further Reading: Neutral Rating

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

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