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Billionaires Hold Latin American Banks

December 16, 2013 | About:
Sally Jones

Sally Jones

47 followers
As revealed by the GuruFocus special feature 52-week low screener, the banking sector currently has 81 out of 630 companies on a 52-week low. The sector low ratio is 0.13.

The three companies featured are Latin American regional banks, Bank Bradesco (BBD), BanColombia SA (CIB) and Banco Santander Chile (BSAC), all down more than 20% over 12 months and at a 52-week low. The stocks are highlighted to show billionaire investors, in hopes of uncovering deep value.



Sector: Banking


Highlight: Bank Bradesco (BBD)

The BBD share price is around $12.37 or 30.5% off the 52-week high of $17.79. The dividend yield is 0.30%.

Down 21% over 12 months, Bank Bradesco has a market cap of $51.7 billion and is traded at a P/E of 12.00 and a P/B of 2.00.

Based in Brazil, Bank Bradesco operates and manages its business through two operational segments: the banking segment and the insurance, pension and capitalization bonds segment.

Guru Action: Two gurus hold BBD shares as of the third quarter of 2013.

There was no insider trading found.

As of Sept. 30, 2013, Jeremy Grantham is the top guru stakeholder, holding 2,085,042 shares, after increasing his position by 193.24%. His shares represent 0.05% of shares outstanding. In the third quarter, Grantham bought 1,374,000 shares at an average price of $12.57 for a loss of 2%.

Over a five-year history, he has averaged a loss of 22% on 14,337,644 shares bought at an average price of $15.78. He also lost 22% selling 12,252,602 shares at an average price of $15.84 per share.

Tracking share price, revenue and net income:





Highlight: BanColombia SA (CIB)

The CIB share price is around $49.21 or 30.3% off the 52-week high of $70.62. The dividend yield is 3.30%.

Down 26% over 12 months, BanColombia SA has a market cap of $6.27 billion and is traded at a P/E of 22.60 and a P/S of 1.60.

BanColombia SA is a full service financial institution that offers banking products and services to individual and corporate customer base throughout Colombia.

Guru Action: One guru holds shares as of the third quarter of 2013.

There was no insider trading found.

As of Sept. 30, 2013, Jim Simons is the sole guru stakeholder, holding 149,600 shares, after reducing his position by 32.06%. His shares represent 0.12% of shares outstanding.

In the third quarter of 2013, he sold 70,600 shares at an average price of $56.94 for a loss of 13.6%.

Over five years of history, Simons has averaged a loss of 27% on 343,400 shares bought at an average price of $67.06 per share. He took a loss of 18% on 193,800 shares sold at an average price of $60.33 per share.

Tracking share price, revenue and net income:





Highlight: Banco Santander Chile (BSAC)

The BSAC share price is around $21.92 or 28.6% off the 52-week high of $30.69. The dividend yield is 3.20%.

Down 22% over 12 months, Banco Santander Chile has a market cap of $10.33 billion and is traded at a P/E of 15.60 and a P/B of 2.46.

Banco Santander Chile provides commercial and retail banking services to its customers, including Chilean peso and foreign currency denominated loans to finance a variety of commercial transactions, trade, foreign currency forward contracts and credit lines and a variety of retail banking services, including mortgage financing. In addition to its traditional banking operations, the bank offers a variety of financial services including financial leasing, financial advisory services, mutual fund management, securities brokerage, insurance brokerage and investment management.

Guru Action: Two gurus hold BSAC shares as of the third quarter of 2013.

There was no insider trading found.

As of Sept. 30, 2013, Ken Fisher holds 740,070 shares, after reducing his position by 2.54%. His shares represent 0.16% of shares outstanding. In the third quarter of 2013, he sold 19,300 shares at an average price of $23.85 for a loss of 8.1%.

Overall, Fisher has averaged a loss of 26% on 777,033 shares bought at an average price of $29.56. He took a loss of 22% on 36,963 shares sold at an average price of $27.98 per share.

Fisher’s only gain on BSAC was made on his new buy of 40,521 shares in the third quarter of 2009. He bought at $19.52 per share for a gain of 12.3%.

Tracking share price, revenue and net income:



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GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.0/5 (3 votes)

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