JPMorgan Chase & Co. Increases Position in Banco Santander (Brasil) S.A. (NYSE:BSBR)

JPMorgan Chase & Co. lifted its stake in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) by 290.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,916 shares of the bank's stock after buying an additional 88,497 shares during the quarter. JPMorgan Chase & Co.'s holdings in Banco Santander (Brasil) were worth $465,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of Banco Santander (Brasil) in the 4th quarter worth about $37,000. EntryPoint Capital LLC bought a new position in Banco Santander (Brasil) in the 4th quarter worth about $47,000. Barclays PLC raised its stake 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 purchasing an additional 8,561 shares in the last quarter. R Squared Ltd acquired a new stake in Banco Santander (Brasil) in the fourth quarter worth approximately $70,000. Finally, LPL Financial LLC bought a new stake in Banco Santander (Brasil) during the fourth quarter worth approximately $70,000. Hedge funds and other institutional investors own 14.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BSBR shares. The Goldman Sachs Group raised Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $4.20 to $4.70 in a research report on Wednesday, February 12th. StockNews.com lowered shares of Banco Santander (Brasil) from a "buy" rating to a "hold" rating in a research report on Friday, February 21st.

Banco Santander (Brasil) Stock Performance

BSBR traded down $0.04 during trading hours on Wednesday, reaching $4.97. The company's stock had a trading volume of 1,257,165 shares, compared to its average volume of 494,316. The company's 50-day moving average is $4.71 and its 200-day moving average is $4.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $18.50 billion, a PE ratio of 6.14, a price-to-earnings-growth 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 $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 given a $0.0463 dividend. 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 is currently 22.22%.

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.