Aquamarine Financial Cayman Ltd Has $517.06 Million Stake in Banco Bradesco SA $BBD

Aquamarine Financial Cayman Ltd grew its position in Banco Bradesco SA (NYSE:BBD - Free Report) by 8.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 148,670,798 shares of the bank's stock after buying an additional 11,137,145 shares during the period. Banco Bradesco accounts for about 42.1% of Aquamarine Financial Cayman Ltd's portfolio, making the stock its largest position. Aquamarine Financial Cayman Ltd owned approximately 1.40% of Banco Bradesco worth $517,056,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. AG boosted its stake in Banco Bradesco by 24.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 372,588 shares of the bank's stock valued at $1,241,000 after acquiring an additional 74,373 shares in the last quarter. Checchi Capital Advisers LLC acquired a new stake in shares of Banco Bradesco in the 4th quarter worth $39,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Banco Bradesco by 5.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 295,160 shares of the bank's stock worth $983,000 after buying an additional 15,460 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in Banco Bradesco during the 4th quarter valued at about $50,000. Finally, Baillie Gifford & Co. increased its position in Banco Bradesco by 36.8% during the 4th quarter. Baillie Gifford & Co. now owns 38,275,506 shares of the bank's stock valued at $127,457,000 after buying an additional 10,301,395 shares in the last quarter.

Banco Bradesco Stock Performance

Shares of BBD opened at $3.95 on Friday. The stock has a 50-day moving average of $3.85 and a two-hundred day moving average of $3.65. Banco Bradesco SA has a one year low of $2.26 and a one year high of $4.30. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $41.81 billion, a P/E ratio of 10.12, a P/E/G ratio of 0.53 and a beta of 0.55.

Banco Bradesco (NYSE:BBD - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The bank reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. Banco Bradesco had a return on equity of 13.78% and a net margin of 10.19%.The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $6.68 billion. As a group, research analysts predict that Banco Bradesco SA will post 0.47 EPS for the current year.

Banco Bradesco Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 8th. Shareholders of record on Wednesday, May 6th will be paid a dividend of $0.0037 per share. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, May 6th. This is a positive change from Banco Bradesco's previous monthly dividend of $0.00. Banco Bradesco's dividend payout ratio (DPR) is presently 110.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings raised Banco Bradesco from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, April 13th. Itau BBA Securities restated an "outperform" rating on shares of Banco Bradesco in a report on Friday, February 27th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Banco Bradesco has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.