Banco Bradesco SA $BBD Shares Bought by Sei Investments Co.

Sei Investments Co. raised its position in Banco Bradesco SA (NYSE:BBD) by 3.4% during the 1st quarter, Holdings Channel reports. The firm owned 19,296,977 shares of the bank’s stock after acquiring an additional 641,744 shares during the quarter. Sei Investments Co.’s holdings in Banco Bradesco were worth $70,434,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Aquamarine Financial Cayman Ltd raised its stake in shares of Banco Bradesco by 8.1% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 148,670,798 shares of the bank’s stock worth $517,056,000 after buying an additional 11,137,145 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Banco Bradesco by 25.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 82,163,260 shares of the bank’s stock valued at $273,604,000 after acquiring an additional 16,908,425 shares during the last quarter. Orbis Allan Gray Ltd acquired a new stake in Banco Bradesco in the 2nd quarter valued at about $250,398,000. Wellington Management Group LLP increased its holdings in Banco Bradesco by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 77,491,815 shares of the bank’s stock valued at $258,048,000 after acquiring an additional 756,107 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Banco Bradesco by 2,469.2% during the fourth quarter. Franklin Resources Inc. now owns 47,947,074 shares of the bank’s stock worth $159,664,000 after acquiring an additional 46,080,856 shares during the last quarter.

Banco Bradesco Price Performance

NYSE:BBD opened at $3.60 on Friday. The firm has a market cap of $38.10 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 0.45 and a beta of 0.53. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.17. The company’s 50-day moving average is $3.48 and its two-hundred day moving average is $3.70. Banco Bradesco SA has a 12-month low of $2.73 and a 12-month high of $4.30.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $1.50 billion for the quarter. Banco Bradesco had a net margin of 9.24% and a return on equity of 14.15%. Research analysts expect that Banco Bradesco SA will post 0.5 EPS for the current year.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 5th will be paid a dividend of $0.0037 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a c) annualized dividend and a dividend yield of 1.2%. Banco Bradesco’s dividend payout ratio is presently 5.13%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Banco Bradesco in a research report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Banco Bradesco presently has an average rating of “Buy”.

Banco Bradesco Profile

Banco Bradesco SA is a major Brazilian financial institution headquartered in Osasco, São Paulo. Founded in 1943 by Amador Aguiar, the bank has grown into one of Brazil’s largest private-sector banks, offering a full range of financial services to retail, small and medium-sized enterprises, corporate and institutional clients. It operates across the banking value chain, including deposit-taking, lending, payments, trade finance and treasury services, and it participates actively in Brazil’s retail and corporate credit markets.

The company’s product and service mix extends beyond traditional banking to include insurance, pension plans, asset management, leasing and credit card services, delivered through a combination of branches, automated teller machines and digital channels.