American Century Companies Inc. Increases Position in Banco Santander Brasil SA $BSBR

Key Points

• American Century Companies Inc. increased its stake in Banco Santander Brasil by 11.9%, now holding 614,264 shares valued at approximately $2.89 million as of its latest SEC filing.
• Banco Santander Brasil recently raised its quarterly dividend from $0.05 to $0.0655 per share, resulting in an annualized yield of 5.0%.
• Analysts have mixed ratings for Banco Santander Brasil, with a consensus rating of "Moderate Buy" and a price target of $5.35, as some upgraded while others downgraded their recommendations.

American Century Companies Inc. raised its position in shares of Banco Santander Brasil SA (NYSE:BSBR - Free Report) by 11.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 614,264 shares of the bank's stock after buying an additional 65,333 shares during the quarter. American Century Companies Inc.'s holdings in Banco Santander Brasil were worth $2,893,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in shares of Banco Santander Brasil by 25.2% in the 1st quarter. Signaturefd LLC now owns 9,872 shares of the bank's stock valued at $46,000 after purchasing an additional 1,986 shares during the last quarter. Drive Wealth Management LLC bought a new stake in shares of Banco Santander Brasil in the 1st quarter valued at approximately $62,000. May Hill Capital LLC bought a new stake in shares of Banco Santander Brasil in the 1st quarter valued at approximately $63,000. Checchi Capital Advisers LLC bought a new stake in shares of Banco Santander Brasil in the 1st quarter valued at approximately $70,000. Finally, GAMMA Investing LLC lifted its stake in shares of Banco Santander Brasil by 89.8% in the 1st quarter. GAMMA Investing LLC now owns 15,884 shares of the bank's stock valued at $75,000 after purchasing an additional 7,514 shares during the last quarter. Hedge funds and other institutional investors own 14.53% of the company's stock.

Banco Santander Brasil Stock Up 1.3%

NYSE BSBR traded up $0.07 on Thursday, reaching $5.25. 214,844 shares of the stock traded hands, compared to its average volume of 643,337. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.37 and a current ratio of 1.37. The company has a fifty day moving average price of $5.04 and a 200-day moving average price of $4.96. The company has a market cap of $19.52 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 0.68 and a beta of 0.80. Banco Santander Brasil SA has a 12 month low of $3.75 and a 12 month high of $5.73.

Banco Santander Brasil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, July 21st were given a dividend of $0.0655 per share. This is a boost from Banco Santander Brasil's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, July 21st. This represents a $0.26 dividend on an annualized basis and a yield of 5.0%. Banco Santander Brasil's dividend payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BSBR. Wall Street Zen lowered Banco Santander Brasil from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. UBS Group raised Banco Santander Brasil from a "neutral" rating to a "buy" rating in a research note on Wednesday, June 11th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $5.35.

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.