Bank of America Corp DE lifted its stake in Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) by 92.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 256,119 shares of the bank's stock after acquiring an additional 122,924 shares during the quarter. Bank of America Corp DE's holdings in Banco Santander (Brasil) were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in Banco Santander (Brasil) by 67.3% during 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 period. Itau Unibanco Holding S.A. acquired a new stake in shares of Banco Santander (Brasil) during the fourth quarter worth approximately $983,000. Jane Street Group LLC acquired a new stake in shares of Banco Santander (Brasil) during the fourth quarter worth approximately $109,000. Dimensional Fund Advisors LP increased its holdings in shares of Banco Santander (Brasil) by 99.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 52,212 shares of the bank's stock valued at $204,000 after purchasing an additional 25,985 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Banco Santander (Brasil) by 35.1% in 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 in the last quarter. 14.53% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have issued reports on BSBR shares. The Goldman Sachs Group raised shares of Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and raised their price objective for the company from $4.20 to $4.70 in a research note on Wednesday, February 12th. Wall Street Zen upgraded shares of Banco Santander (Brasil) from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.
Read Our Latest Stock Report on Banco Santander (Brasil)
Banco Santander (Brasil) Stock Performance
NYSE BSBR opened at $5.16 on Friday. The firm has a 50-day moving average price of $5.01 and a two-hundred day moving average price of $4.58. The company has a market capitalization of $19.19 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.73 and a beta of 0.76. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. Banco Santander has a 12-month low of $3.75 and a 12-month high of $5.77.
Banco Santander (Brasil) Cuts Dividend
The company also recently announced a dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, April 24th were given a $0.0463 dividend. This represents a dividend yield of 3.97%. The ex-dividend date was Wednesday, April 23rd. Banco Santander (Brasil)'s payout ratio is presently 22.22%.
About Banco Santander (Brasil)
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding BSBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report).
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