Two Sigma Advisers LP Sells 66,800 Shares of Banco Santander (Brasil) S.A. (NYSE:BSBR)

Two Sigma Advisers LP lowered its position in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) by 25.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 197,600 shares of the bank's stock after selling 66,800 shares during the quarter. Two Sigma Advisers LP's holdings in Banco Santander (Brasil) were worth $773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of Banco Santander (Brasil) by 92.3% in the fourth quarter. Bank of America Corp DE now owns 256,119 shares of the bank's stock worth $1,001,000 after acquiring an additional 122,924 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Banco Santander (Brasil) by 67.3% during the fourth quarter. BNP Paribas Financial Markets now owns 71,216 shares of the bank's stock worth $278,000 after buying an additional 28,658 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Banco Santander (Brasil) during the fourth quarter worth about $983,000. Jane Street Group LLC acquired a new position in shares of Banco Santander (Brasil) during the fourth quarter worth about $109,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 buying an additional 25,985 shares during the period. Institutional investors own 14.53% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BSBR. Wall Street Zen raised Banco Santander (Brasil) from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group raised 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 report on Wednesday, February 12th.

Banco Santander (Brasil) Stock Performance

Shares of BSBR traded down $0.06 during mid-day trading on Friday, reaching $5.12. The company's stock had a trading volume of 118,646 shares, compared to its average volume of 481,462. Banco Santander has a 1-year low of $3.75 and a 1-year high of $5.77. The stock has a market cap of $19.04 billion, a P/E ratio of 6.31, a PEG ratio of 0.73 and a beta of 0.76. The business has a 50-day simple moving average of $5.00 and a two-hundred day simple moving average of $4.58. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25.

Banco Santander (Brasil) Cuts Dividend

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