Itau Unibanco Holding S.A. Makes New Investment in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Itau Unibanco Holding S.A. purchased a new position in Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 251,400 shares of the bank's stock, valued at approximately $983,000.

A number of other institutional investors have also recently made changes to their positions in the business. Barclays PLC grew its holdings in shares of Banco Santander (Brasil) by 221.4% during the third quarter. Barclays PLC now owns 12,428 shares of the bank's stock valued at $65,000 after buying an additional 8,561 shares during the last quarter. JPMorgan Chase & Co. raised its position in Banco Santander (Brasil) by 767.1% during the third quarter. JPMorgan Chase & Co. now owns 30,419 shares of the bank's stock valued at $160,000 after acquiring an additional 26,911 shares in the last quarter. R Squared Ltd purchased a new stake in Banco Santander (Brasil) in the 4th quarter worth approximately $70,000. SBI Securities Co. Ltd. purchased a new position in shares of Banco Santander (Brasil) during the 4th quarter valued at approximately $37,000. Finally, American Century Companies Inc. raised its holdings in Banco Santander (Brasil) by 10.8% in the 4th quarter. American Century Companies Inc. now owns 548,931 shares of the bank's stock worth $2,146,000 after purchasing an additional 53,542 shares during the period. Institutional investors and hedge funds own 14.53% of the company's stock.

Banco Santander (Brasil) Stock Performance

Shares of NYSE:BSBR traded down $0.02 during midday trading on Wednesday, hitting $4.99. The stock had a trading volume of 845,526 shares, compared to its average volume of 683,208. The company has a market capitalization of $18.56 billion, a PE ratio of 6.16, a P/E/G ratio of 0.73 and a beta of 0.76. Banco Santander has a 1 year low of $3.75 and a 1 year high of $5.77. The stock has a 50 day moving average price of $4.70 and a two-hundred day moving average price of $4.50. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25.

Banco Santander (Brasil) Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, May 19th. Shareholders of record on Thursday, April 24th will be given a $0.0463 dividend. 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 22.22%.

Wall Street Analysts Forecast Growth

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

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.