Banco Santander (Brasil) S.A. (NYSE:BSBR) Stake Boosted by Invesco Ltd.

Invesco Ltd. raised its stake in Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) by 53.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 173,964 shares of the bank's stock after acquiring an additional 60,713 shares during the quarter. Invesco Ltd.'s holdings in Banco Santander (Brasil) were worth $680,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Banco Santander (Brasil) in the 4th quarter worth about $37,000. EntryPoint Capital LLC acquired a new stake in shares of Banco Santander (Brasil) in the fourth quarter worth approximately $47,000. Barclays PLC grew its holdings in Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank's stock valued at $65,000 after purchasing an additional 8,561 shares during the period. R Squared Ltd acquired a new position in Banco Santander (Brasil) during the fourth quarter worth approximately $70,000. Finally, LPL Financial LLC purchased a new position in Banco Santander (Brasil) during the fourth quarter worth approximately $70,000. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BSBR has been the subject of a number of research reports. The Goldman Sachs Group upgraded Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $4.20 to $4.70 in a report on Wednesday, February 12th. StockNews.com downgraded shares of Banco Santander (Brasil) from a "buy" rating to a "hold" rating in a research note on Friday, February 21st.

Banco Santander (Brasil) Stock Down 1.9 %

NYSE:BSBR traded down $0.10 on Monday, reaching $5.04. The stock had a trading volume of 507,160 shares, compared to its average volume of 490,960. The stock has a market cap of $18.77 billion, a P/E ratio of 6.22, a price-to-earnings-growth ratio of 0.73 and a beta of 0.76. Banco Santander has a 12-month low of $3.75 and a 12-month high of $6.01. 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 company has a 50-day moving average of $4.68 and a 200 day moving average of $4.50.

Banco Santander (Brasil) Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 19th. Shareholders of record on Thursday, April 24th will be paid a dividend of $0.0463 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a yield of 3.97%. Banco Santander (Brasil)'s dividend payout ratio (DPR) is 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.