251,400 Shares in Banco Santander (Brasil) S.A. (NYSE:BSBR) Purchased by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. acquired a new position in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 251,400 shares of the bank's stock, valued at approximately $983,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BSBR. Jane Street Group LLC bought a new position in shares of Banco Santander (Brasil) in the fourth quarter worth $109,000. Dimensional Fund Advisors LP lifted its position in Banco Santander (Brasil) by 99.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 52,212 shares of the bank's stock worth $204,000 after acquiring an additional 25,985 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Banco Santander (Brasil) by 35.1% in the fourth quarter. Marshall Wace LLP now owns 750,403 shares of the bank's stock valued at $2,934,000 after buying an additional 194,984 shares during the period. Jump Financial LLC bought a new position in shares of Banco Santander (Brasil) during the 4th quarter worth about $297,000. Finally, Mariner LLC increased its holdings in Banco Santander (Brasil) by 137.8% during the 4th quarter. Mariner LLC now owns 45,502 shares of the bank's stock valued at $178,000 after purchasing an additional 26,364 shares in the last quarter. Institutional investors and hedge funds own 14.53% of the company's stock.

Banco Santander (Brasil) Stock Performance

NYSE:BSBR traded down $0.10 during trading hours on Monday, hitting $5.04. 507,160 shares of the company were exchanged, compared to its average volume of 490,960. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. The company's 50 day moving average price is $4.68 and its 200-day moving average price is $4.50. The stock has a market capitalization of $18.77 billion, a price-to-earnings ratio of 6.22, a PEG ratio of 0.73 and a beta of 0.76. Banco Santander has a 52-week low of $3.75 and a 52-week high of $6.01.

Banco Santander (Brasil) Cuts Dividend

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

Analyst Ratings Changes

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

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.