Marshall Wace LLP Grows Stock Holdings in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Marshall Wace LLP raised its holdings in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) by 35.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 750,403 shares of the bank's stock after purchasing an additional 194,984 shares during the period. Marshall Wace LLP's holdings in Banco Santander (Brasil) were worth $2,934,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of BSBR. Barclays PLC raised its holdings in Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank's stock worth $65,000 after purchasing an additional 8,561 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Banco Santander (Brasil) by 767.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,419 shares of the bank's stock worth $160,000 after buying an additional 26,911 shares during the last quarter. R Squared Ltd bought a new position in shares of Banco Santander (Brasil) during the 4th quarter worth approximately $70,000. SBI Securities Co. Ltd. bought a new position in shares of Banco Santander (Brasil) during the 4th quarter worth approximately $37,000. Finally, American Century Companies Inc. lifted its position in Banco Santander (Brasil) by 10.8% during the fourth quarter. American Century Companies Inc. now owns 548,931 shares of the bank's stock valued at $2,146,000 after acquiring an additional 53,542 shares during the last quarter. Hedge funds and other institutional investors own 14.53% of the company's stock.

Banco Santander (Brasil) Stock Performance

Shares of BSBR traded up $0.05 during trading hours on Friday, reaching $5.18. 248,071 shares of the company traded hands, compared to its average volume of 680,801. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average price of $4.67 and a 200-day moving average price of $4.50. Banco Santander has a 12-month low of $3.75 and a 12-month high of $6.01. The stock has a market capitalization of $19.29 billion, a P/E ratio of 6.40, a P/E/G ratio of 0.73 and a beta of 0.76.

Banco Santander (Brasil) Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 19th. Stockholders of record on Thursday, April 24th will be issued a $0.0463 dividend. This represents a dividend yield of 3.97%. The ex-dividend date is Wednesday, April 23rd. Banco Santander (Brasil)'s dividend payout ratio is presently 22.22%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BSBR. StockNews.com downgraded Banco Santander (Brasil) from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. The Goldman Sachs Group upgraded Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and increased their price target for the company from $4.20 to $4.70 in a research note on Wednesday, February 12th.

Banco Santander (Brasil) Profile

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through Commercial Banking and Global Wholesale Banking segments. It offers local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.