Banco Santander (Brasil) S.A. (NYSE:BSBR) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its position in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) by 58.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,466 shares of the bank's stock after selling 204,523 shares during the period. Millennium Management LLC's holdings in Banco Santander (Brasil) were worth $557,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in shares of Banco Santander (Brasil) during the 4th quarter valued at about $983,000. Marshall Wace LLP grew its holdings in shares of Banco Santander (Brasil) by 35.1% during the fourth quarter. Marshall Wace LLP now owns 750,403 shares of the bank's stock valued at $2,934,000 after purchasing an additional 194,984 shares during the last quarter. Bank of America Corp DE raised its position in shares of Banco Santander (Brasil) by 92.3% during the 4th quarter. Bank of America Corp DE now owns 256,119 shares of the bank's stock worth $1,001,000 after purchasing an additional 122,924 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Banco Santander (Brasil) by 290.9% in the 4th quarter. JPMorgan Chase & Co. now owns 118,916 shares of the bank's stock worth $465,000 after purchasing an additional 88,497 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Banco Santander (Brasil) during the 4th quarter valued at approximately $297,000. Institutional investors and hedge funds own 14.53% of the company's stock.

Banco Santander (Brasil) Stock Performance

Shares of BSBR traded down $0.07 during trading hours on Thursday, reaching $5.38. 363,722 shares of the company's stock traded hands, compared to its average volume of 484,870. Banco Santander has a twelve month low of $3.75 and a twelve month high of $5.77. The business's fifty day simple moving average is $5.04 and its two-hundred day simple moving average is $4.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $20.02 billion, a price-to-earnings ratio of 6.64, a P/E/G ratio of 0.73 and a beta of 0.76.

Banco Santander (Brasil) Cuts Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on BSBR. The Goldman Sachs Group raised Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and increased their target price for the stock from $4.20 to $4.70 in a research report on Wednesday, February 12th. UBS Group upgraded shares of Banco Santander (Brasil) from a "neutral" rating to a "buy" rating in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Banco Santander (Brasil) from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Banco Santander (Brasil) has an average rating of "Moderate Buy" and an average target price of $5.35.

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.