Panagora Asset Management Inc. decreased its position in shares of Banco Santander Brasil SA (NYSE:BSBR) by 25.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 367,954 shares of the bank’s stock after selling 125,899 shares during the quarter. Panagora Asset Management Inc.’s holdings in Banco Santander Brasil were worth $4,368,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in Banco Santander Brasil during the 1st quarter worth approximately $938,000. Marshall Wace North America L.P. acquired a new stake in shares of Banco Santander Brasil during the 1st quarter worth approximately $1,280,000. Aperio Group LLC grew its position in shares of Banco Santander Brasil by 26.7% during the 2nd quarter. Aperio Group LLC now owns 465,381 shares of the bank’s stock worth $5,524,000 after buying an additional 98,211 shares during the period. Millennium Management LLC acquired a new stake in shares of Banco Santander Brasil during the 4th quarter worth approximately $401,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Banco Santander Brasil during the 2nd quarter worth approximately $246,000. Hedge funds and other institutional investors own 1.06% of the company’s stock.
NYSE BSBR traded up $0.37 during mid-day trading on Friday, hitting $10.85. The company’s stock had a trading volume of 51,527 shares, compared to its average volume of 810,735. The company’s 50 day simple moving average is $10.95 and its 200 day simple moving average is $11.46. Banco Santander Brasil SA has a twelve month low of $7.86 and a twelve month high of $13.73. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $37.83 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.99 and a beta of 0.82.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Tuesday, July 9th were given a dividend of $0.059 per share. The ex-dividend date of this dividend was Monday, July 8th. This is a boost from Banco Santander Brasil’s previous quarterly dividend of $0.04. This represents a $0.24 annualized dividend and a dividend yield of 2.18%. Banco Santander Brasil’s dividend payout ratio is currently 26.67%.
Several brokerages have recently commented on BSBR. Morgan Stanley raised shares of Banco Santander Brasil from an “equal” rating to a “weight” rating in a research report on Wednesday, August 7th. Zacks Investment Research raised shares of Banco Santander Brasil from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Friday, July 26th. Goldman Sachs Group began coverage on shares of Banco Santander Brasil in a research report on Monday, June 10th. They set a “neutral” rating and a $12.00 price objective for the company. Citigroup raised shares of Banco Santander Brasil from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 27th. Finally, ValuEngine downgraded shares of Banco Santander Brasil from a “sell” rating to a “strong sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $12.50.
About Banco Santander Brasil
Banco Santander (Brasil) SA provides commercial banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. It operates through two segments, Commercial Banking and Global Wholesale Banking. The company offers checking and savings accounts; priority services, such as withdrawals, debit cards, deposits, and transfers; onshore and offshore financial products and services, investment advice, and asset management services; consumer credit for purchasing motor vehicles, and other goods and services; local loans, commercial finance, trade finance, guarantees, structured loans, and cash management and funding solutions, as well as Banco Nacional de Desenvolvimento Econômico e Social on-lending transfer services; payroll, mortgage, and agribusiness loans, as well as microcredit; investment products; and credit cards and foreign exchange services.
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