GAMMA Investing LLC Has $352,000 Stake in Banco Santander Brasil SA (NYSE:BSBR)

GAMMA Investing LLC lifted its holdings in shares of Banco Santander Brasil SA (NYSE:BSBR - Free Report) by 793.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,814 shares of the bank's stock after purchasing an additional 66,444 shares during the quarter. GAMMA Investing LLC's holdings in Banco Santander Brasil were worth $352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in Banco Santander Brasil by 92.3% in the 4th quarter. Bank of America Corp DE now owns 256,119 shares of the bank's stock valued at $1,001,000 after buying an additional 122,924 shares during the period. BNP Paribas Financial Markets increased its stake in Banco Santander Brasil by 67.3% in the fourth quarter. BNP Paribas Financial Markets now owns 71,216 shares of the bank's stock valued at $278,000 after acquiring an additional 28,658 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Banco Santander Brasil in the fourth quarter valued at approximately $983,000. Jane Street Group LLC acquired a new position in Banco Santander Brasil during the fourth quarter valued at approximately $109,000. Finally, Dimensional Fund Advisors LP lifted its stake in Banco Santander Brasil by 99.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 52,212 shares of the bank's stock worth $204,000 after purchasing an additional 25,985 shares during the last quarter. 14.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BSBR has been the subject of a number of research analyst reports. Wall Street Zen raised Banco Santander Brasil from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. UBS Group upgraded Banco Santander Brasil from a "neutral" rating to a "buy" rating in a research report on Wednesday, June 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5.35.

Banco Santander Brasil Price Performance

BSBR stock traded up $0.10 during midday trading on Tuesday, reaching $5.40. 407,094 shares of the stock were exchanged, compared to its average volume of 483,732. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $20.08 billion, a PE ratio of 6.66, a P/E/G ratio of 0.68 and a beta of 0.76. Banco Santander Brasil SA has a 52 week low of $3.75 and a 52 week high of $5.77. The company has a fifty day moving average price of $5.18 and a 200 day moving average price of $4.66.

Banco Santander Brasil Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, May 19th. Investors of record on Thursday, April 24th were given a dividend of $0.0463 per share. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 3.97%. Banco Santander Brasil's dividend payout ratio is presently 22.22%.

Banco Santander Brasil Company 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.