Cordatus Wealth Management LLC Buys New Holdings in Banco Santander Brasil SA (NYSE:BSBR)

Key Points

• Cordatus Wealth Management LLC has acquired a new stake in Banco Santander Brasil SA, purchasing 129,801 shares valued at approximately $611,000.
• The bank recently declared a dividend increase, paying $0.0655 per share, up from $0.05, which results in a yield of 5.26%.
• Market analysts have mixed ratings on Banco Santander Brasil, with UBS Group upgrading the stock to a "buy" while Wall Street Zen downgraded it to "hold".

Cordatus Wealth Management LLC purchased a new stake in Banco Santander Brasil SA (NYSE:BSBR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 129,801 shares of the bank's stock, valued at approximately $611,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BSBR. Itau Unibanco Holding S.A. acquired a new stake in Banco Santander Brasil during the fourth quarter valued at $983,000. Marshall Wace LLP lifted its holdings in shares of Banco Santander Brasil by 35.1% during the 4th quarter. Marshall Wace LLP now owns 750,403 shares of the bank's stock valued at $2,934,000 after buying an additional 194,984 shares during the last quarter. Bank of America Corp DE grew its stake in shares of 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in Banco Santander Brasil by 290.9% in the fourth quarter. JPMorgan Chase & Co. now owns 118,916 shares of the bank's stock worth $465,000 after buying an additional 88,497 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Banco Santander Brasil during the fourth quarter valued at approximately $297,000. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Brasil Stock Performance

NYSE:BSBR traded up $0.10 during trading hours on Monday, hitting $4.79. 315,296 shares of the company traded hands, compared to its average volume of 617,219. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.33. Banco Santander Brasil SA has a twelve month low of $3.75 and a twelve month high of $5.77. The firm has a 50-day moving average of $5.17 and a 200 day moving average of $4.88. The stock has a market capitalization of $17.81 billion, a price-to-earnings ratio of 5.91, a P/E/G ratio of 0.60 and a beta of 0.73.

Banco Santander Brasil Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, August 18th. Investors of record on Tuesday, July 22nd will be given a dividend of $0.0655 per share. This represents a yield of 526.0%. This is a boost from Banco Santander Brasil's previous dividend of $0.05. The ex-dividend date of this dividend is Monday, July 21st. Banco Santander Brasil's dividend payout ratio (DPR) is 32.10%.

Analysts Set New Price Targets

Several equities analysts have commented on BSBR shares. UBS Group raised shares of Banco Santander Brasil from a "neutral" rating to a "buy" rating in a research report on Wednesday, June 11th. Wall Street Zen downgraded Banco Santander Brasil from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Banco Santander Brasil presently has a consensus rating of "Hold" and an average price target 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.