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

Mariner LLC boosted its holdings in Banco Bradesco S.A. (NYSE:BBD - Free Report) by 223.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,490 shares of the bank's stock after buying an additional 171,050 shares during the period. Mariner LLC's holdings in Banco Bradesco were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. R Squared Ltd purchased a new position in shares of Banco Bradesco during the 4th quarter valued at $30,000. Traveka Wealth LLC purchased a new position in Banco Bradesco during the fourth quarter worth about $31,000. Peapack Gladstone Financial Corp increased its stake in Banco Bradesco by 54.5% in the 4th quarter. Peapack Gladstone Financial Corp now owns 17,012 shares of the bank's stock worth $32,000 after acquiring an additional 6,000 shares during the last quarter. Blue Trust Inc. raised its holdings 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 in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Banco Bradesco by 27.2% during the 4th quarter. HighTower Advisors LLC now owns 25,317 shares of the bank's stock valued at $48,000 after acquiring an additional 5,421 shares during the last quarter.

Analysts Set New Price Targets

BBD has been the subject of several research analyst reports. HSBC upgraded 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 cut Banco Bradesco from a "buy" rating to a "sell" rating and reduced their target price for the company from $2.40 to $2.00 in a research note on Wednesday, February 12th.

Banco Bradesco Price Performance

NYSE BBD traded down $0.05 on Monday, reaching $2.36. 29,668,710 shares of the company's stock traded hands, compared to its average volume of 32,327,260. The stock has a market cap of $25.06 billion, a PE ratio of 7.85, a P/E/G ratio of 0.32 and a beta of 0.65. Banco Bradesco S.A. has a 12 month low of $1.84 and a 12 month high of $2.96. The stock has a 50-day simple moving average of $2.19 and a 200 day simple moving average of $2.17. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.01 and a quick ratio of 0.72.

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

Banco Bradesco Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, June 9th. Investors of record on Wednesday, May 7th will be given a dividend of $0.0022 per share. The ex-dividend date is Tuesday, May 6th. This represents a yield of 1.08%. Banco Bradesco's payout ratio is 6.67%.

About Banco Bradesco

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.