Wellington Management Group LLP Lowers Stock Holdings in Banco Santander (Brasil) S.A. (NYSE:BSBR)

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

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of America Corp DE raised its position in 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 during the period. BNP Paribas Financial Markets increased its stake in shares of Banco Santander (Brasil) by 67.3% during the 4th quarter. BNP Paribas Financial Markets now owns 71,216 shares of the bank's stock worth $278,000 after purchasing an additional 28,658 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Banco Santander (Brasil) in the 4th quarter worth approximately $983,000. Jane Street Group LLC purchased a new position in Banco Santander (Brasil) in the fourth quarter valued at approximately $109,000. Finally, Dimensional Fund Advisors LP lifted its stake in 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 during the last quarter. Hedge funds and other institutional investors own 14.53% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. 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 upgraded Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and increased their price target for the stock from $4.20 to $4.70 in a research note on Wednesday, February 12th.

Banco Santander (Brasil) Stock Performance

Shares of NYSE BSBR traded down $0.02 during midday trading on Friday, hitting $5.16. The company's stock had a trading volume of 375,393 shares, compared to its average volume of 483,318. The firm has a market capitalization of $19.19 billion, a price-to-earnings ratio of 6.36, a P/E/G ratio of 0.73 and a beta of 0.76. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average price of $5.01 and a 200 day moving average price of $4.58. Banco Santander has a one year low of $3.75 and a one year high of $5.77.

Banco Santander (Brasil) Cuts Dividend

The business also recently declared 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 dividend payout ratio (DPR) is presently 22.22%.

Banco Santander (Brasil) 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.