Denver, CO, 06/05/2014 (Stocksntrade) – Banco Santander Brasil SA (ADR) (NYSE:BSBR) is a Brazilian subsidiary of the Spanish banking giant, Banco Santander, S.A. (ADR) (NYSE:SAN) which has recently offered to acquire remaining 25% stake in this subsidiary from minority shareholders. Following the announcement the stock of Banco Santander Brasil gained almost 14% on Tuesday, June 3, 2014. The stock has gained nearly 35% over the past three months. If the offer will be accepted by the shareholders, the deal is expected to cost around $6.5 billion or EUR 4.7 billion.
Tweedy Browne Holdings
Famous value firm Tweedy Browne, which manages assets worth $20.9 billion, increased its holding in Banco Santander Brasil during the first quarter, reported gurufocus. The investment firm did not add any new stock for the second consecutive quarter and increased its position in just three stocks. Tweedy Browne portfolio comprised 47 stocks with 29% exposure to the Financial Services sector followed by investment in Energy and Health Care sectors. The firm added 12.12 million shares of the Banco Santander Brasil SA (ADR) (NYSE:BSBR) which increases its total holding in the stock to 61.33 million shares. The stock now accounts for 7.9% of Tweedy Browne portfolio which has been increasing its position in the company over the past three quarters in succession.
Brandes Investment Holdings
Brandes Investment Partners added 13 new stocks during the first quarter increasing its total portfolio value to $7.93 billion as an aggregate value of 168 stocks currently held in its portfolio, reports gurufocus. The investment firm holds 4.48 million shares of Banco Santander Brasil SA (ADR) (NYSE:BSBR) representing 1.09% of the company’s total outstanding shares and 3.1% of Brandes Investment’s total holdings.
The company’s market capitalization is around $25.33 billion and its annual dividend yield is at 3.90%. The company has reported, on an average, 0.70% earnings growth over the past five years.
On Wednesday, the stock lost 1.47% and closed at $6.68.