Mariner LLC Grows Position in Banco Bradesco S.A. (NYSE:BBD)

Mariner LLC boosted its stake in Banco Bradesco S.A. (NYSE:BBD) by 223.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 247,490 shares of the bank’s stock after purchasing an additional 171,050 shares during the quarter. Mariner LLC’s holdings in Banco Bradesco were worth $473,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BBD. Barclays PLC increased its holdings in Banco Bradesco by 390.5% in the 4th quarter. Barclays PLC now owns 2,283,064 shares of the bank’s stock valued at $4,361,000 after purchasing an additional 1,817,619 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Banco Bradesco by 5.3% in the fourth quarter. Bessemer Group Inc. now owns 4,419,708 shares of the bank’s stock valued at $8,441,000 after buying an additional 222,543 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Banco Bradesco during the 4th quarter valued at about $3,222,000. Renaissance Technologies LLC lifted its position in Banco Bradesco by 25.3% during the 4th quarter. Renaissance Technologies LLC now owns 11,854,571 shares of the bank’s stock worth $22,642,000 after acquiring an additional 2,392,276 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Banco Bradesco by 16.4% in the 4th quarter. Invesco Ltd. now owns 311,020 shares of the bank’s stock worth $594,000 after acquiring an additional 43,848 shares during the period.

Analysts Set New Price Targets

A number of research analysts recently commented on BBD shares. HSBC raised shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 target price for the company in a research report on Monday, January 13th. The Goldman Sachs Group lowered Banco Bradesco from a “buy” rating to a “sell” rating and decreased their target price for the stock from $2.40 to $2.00 in a research report on Wednesday, February 12th.

Banco Bradesco Price Performance

NYSE BBD opened at $2.41 on Friday. Banco Bradesco S.A. has a 52 week low of $1.84 and a 52 week high of $2.96. The company has a current ratio of 1.01, a quick ratio of 0.72 and a debt-to-equity ratio of 2.48. The stock has a market cap of $25.65 billion, a price-to-earnings ratio of 8.03, a price-to-earnings-growth ratio of 0.32 and a beta of 0.56. The company has a 50-day moving average price of $2.19 and a two-hundred day moving average price of $2.17.

Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Friday, February 7th. The bank reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Banco Bradesco had a net margin of 8.46% and a return on equity of 11.43%. Analysts forecast that Banco Bradesco S.A. will post 0.37 EPS for the current year.

Banco Bradesco Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 7th will be given a $0.0022 dividend. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Tuesday, May 6th. Banco Bradesco’s dividend payout ratio (DPR) is currently 6.67%.

Banco Bradesco 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.