Invesco Ltd. Purchases 60,713 Shares of Banco Santander (Brasil) S.A. (NYSE:BSBR)

Invesco Ltd. lifted its stake in Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) by 53.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,964 shares of the bank's stock after buying an additional 60,713 shares during the period. Invesco Ltd.'s holdings in Banco Santander (Brasil) were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BSBR. Arrowstreet Capital Limited Partnership lifted its stake in Banco Santander (Brasil) by 2.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,931,201 shares of the bank's stock worth $7,551,000 after purchasing an additional 51,542 shares during the last quarter. American Century Companies Inc. grew its position in Banco Santander (Brasil) by 10.8% in the fourth quarter. American Century Companies Inc. now owns 548,931 shares of the bank's stock valued at $2,146,000 after acquiring an additional 53,542 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Banco Santander (Brasil) by 290.9% during the fourth quarter. JPMorgan Chase & Co. now owns 118,916 shares of the bank's stock worth $465,000 after acquiring an additional 88,497 shares in the last quarter. LPL Financial LLC bought a new position in shares of Banco Santander (Brasil) in the fourth quarter worth about $70,000. Finally, R Squared Ltd acquired a new stake in shares of Banco Santander (Brasil) in the 4th quarter valued at approximately $70,000. Institutional investors and hedge funds own 14.53% of the company's stock.

Analyst Upgrades and Downgrades

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

Banco Santander (Brasil) Trading Up 4.4 %

Shares of BSBR stock traded up $0.22 during trading hours on Thursday, hitting $5.19. 509,393 shares of the company's stock traded hands, compared to its average volume of 684,814. The stock has a market cap of $19.32 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 0.73 and a beta of 0.76. The stock's 50 day simple moving average is $4.71 and its 200 day simple moving average is $4.50. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. Banco Santander has a 12 month low of $3.75 and a 12 month high of $5.77.

Banco Santander (Brasil) Cuts Dividend

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