Goldman Sachs Group Inc. Sells 156,792 Shares of Banco Santander Brasil SA $BSBR

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Banco Santander Brasil by 39.3%, selling 156,792 shares and leaving it with 241,952 shares valued at approximately $1,140,000.
• Banco Santander Brasil recently increased its quarterly dividend to $0.0655 per share, reflecting a positive change from its previous dividend, resulting in an annualized yield of 4.8%.
• Equities research analysts have upgraded Banco Santander Brasil’s rating, with UBS Group and Wall Street Zen both increasing their ratings to "buy", contributing to a consensus rating of "Moderate Buy".

Goldman Sachs Group Inc. lowered its stake in Banco Santander Brasil SA (NYSE:BSBR - Free Report) by 39.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,952 shares of the bank's stock after selling 156,792 shares during the quarter. Goldman Sachs Group Inc.'s holdings in Banco Santander Brasil were worth $1,140,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its holdings in Banco Santander Brasil by 25.2% in the first quarter. Signaturefd LLC now owns 9,872 shares of the bank's stock worth $46,000 after purchasing an additional 1,986 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Banco Santander Brasil in the first quarter worth about $46,000. Vident Advisory LLC acquired a new stake in Banco Santander Brasil in the first quarter worth about $50,000. Drive Wealth Management LLC acquired a new stake in Banco Santander Brasil in the first quarter worth about $62,000. Finally, May Hill Capital LLC acquired a new stake in Banco Santander Brasil in the first quarter worth about $63,000. Institutional investors and hedge funds own 14.53% of the company's stock.

Analyst Ratings Changes

BSBR has been the subject of several research analyst reports. UBS Group raised shares of Banco Santander Brasil from a "neutral" rating to a "buy" rating in a report on Wednesday, June 11th. Wall Street Zen upgraded shares of Banco Santander Brasil from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $5.35.

Banco Santander Brasil Stock Down 1.6%

NYSE BSBR traded down $0.09 during trading on Monday, reaching $5.42. The company's stock had a trading volume of 613,873 shares, compared to its average volume of 822,590. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 3.28. The stock has a market capitalization of $20.22 billion, a PE ratio of 6.69, a PEG ratio of 0.68 and a beta of 0.80. The business has a 50-day moving average price of $5.06 and a 200-day moving average price of $5.04. Banco Santander Brasil SA has a 1-year low of $3.75 and a 1-year high of $5.65.

Banco Santander Brasil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were given a dividend of $0.0655 per share. This represents a $0.26 dividend on an annualized basis and a yield of 4.8%. This is an increase from Banco Santander Brasil's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, July 21st. Banco Santander Brasil's payout ratio is presently 33.33%.

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.