Sei Investments Co. Has $21.79 Million Stock Holdings in Banco Bradesco S.A. (NYSE:BBD)

Sei Investments Co. boosted its stake in shares of Banco Bradesco S.A. (NYSE:BBD - Free Report) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,408,780 shares of the bank's stock after purchasing an additional 573,726 shares during the period. Sei Investments Co. owned 0.11% of Banco Bradesco worth $21,791,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Townsquare Capital LLC acquired a new stake in shares of Banco Bradesco in the 3rd quarter valued at approximately $37,000. R Squared Ltd bought a new stake in Banco Bradesco during the fourth quarter worth $30,000. Traveka Wealth LLC acquired a new stake in Banco Bradesco in the fourth quarter valued at $31,000. Blue Trust Inc. grew its position in shares of Banco Bradesco by 78.2% in the 4th quarter. Blue Trust Inc. now owns 20,055 shares of the bank's stock valued at $38,000 after acquiring an additional 8,801 shares during the period. Finally, Insigneo Advisory Services LLC increased its stake in shares of Banco Bradesco by 23.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 22,120 shares of the bank's stock worth $59,000 after purchasing an additional 4,260 shares during the last quarter.

Banco Bradesco Stock Performance

Shares of BBD traded down $0.03 during trading hours on Friday, hitting $2.27. The company had a trading volume of 51,137,825 shares, compared to its average volume of 30,406,640. The business has a fifty day moving average of $2.10 and a 200-day moving average of $2.25. The company has a quick ratio of 0.72, a current ratio of 1.01 and a debt-to-equity ratio of 2.48. The firm has a market cap of $24.10 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 0.32 and a beta of 0.94. Banco Bradesco S.A. has a 12 month low of $1.84 and a 12 month high of $2.98.

Banco Bradesco (NYSE:BBD - Get Free Report) last announced its earnings results on Friday, February 7th. The bank reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. Banco Bradesco had a return on equity of 11.43% and a net margin of 8.46%. Equities analysts anticipate that Banco Bradesco S.A. will post 0.37 EPS for the current fiscal year.

Banco Bradesco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 7th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.0398 per share. The ex-dividend date is Wednesday, April 2nd. This is a boost from Banco Bradesco's previous monthly dividend of $0.00. This represents a $0.48 annualized dividend and a dividend yield of 21.06%. Banco Bradesco's dividend payout ratio (DPR) is currently 43.33%.

Analysts Set New Price Targets

BBD has been the subject of several recent analyst reports. The Goldman Sachs Group downgraded shares of Banco Bradesco from a "buy" rating to a "sell" rating and cut their target price for the company from $2.40 to $2.00 in a research note on Wednesday, February 12th. HSBC raised Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 price objective for the company in a research report on Monday, January 13th.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, 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; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.