Wellington Management Group LLP Has $3.61 Million Holdings in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Wellington Management Group LLP lessened its stake in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 923,072 shares of the bank's stock after selling 214,874 shares during the quarter. Wellington Management Group LLP's holdings in Banco Santander (Brasil) were worth $3,609,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BSBR. Itau Unibanco Holding S.A. acquired a new position in shares of Banco Santander (Brasil) during the fourth quarter worth approximately $983,000. Marshall Wace LLP raised its stake in 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 purchasing an additional 194,984 shares during the last quarter. Bank of America Corp DE grew its position in 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 worth $1,001,000 after purchasing an additional 122,924 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Banco Santander (Brasil) by 290.9% during 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 period. Finally, Jump Financial LLC bought a new position in shares of Banco Santander (Brasil) during the 4th quarter worth about $297,000. Institutional investors own 14.53% of the company's stock.

Banco Santander (Brasil) Stock Performance

BSBR traded down $0.02 during trading on Friday, reaching $5.16. 375,393 shares of the company's stock were exchanged, compared to its average volume of 482,426. The company has a market capitalization of $19.19 billion, a P/E ratio of 6.36, a PEG 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. The business has a 50 day moving average price of $5.00 and a 200 day moving average price of $4.58. Banco Santander has a fifty-two week low of $3.75 and a fifty-two week high of $5.77.

Banco Santander (Brasil) Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and increased their target price for the company from $4.20 to $4.70 in a research note on Wednesday, February 12th. Wall Street Zen raised Banco Santander (Brasil) from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

About Banco Santander (Brasil)

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.