Public Employees Retirement System of Ohio Makes New Investment in Banco Santander Brasil SA $BSBR

Public Employees Retirement System of Ohio acquired a new position in Banco Santander Brasil SA (NYSE:BSBR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 90,610 shares of the bank’s stock, valued at approximately $476,000.

A number of other large investors also recently modified their holdings of BSBR. Mariner LLC boosted its position in shares of Banco Santander Brasil by 1.8% during the fourth quarter. Mariner LLC now owns 97,928 shares of the bank’s stock valued at $598,000 after buying an additional 1,732 shares during the last quarter. Royal Bank of Canada grew its holdings in Banco Santander Brasil by 41.6% during the first quarter. Royal Bank of Canada now owns 7,136 shares of the bank’s stock worth $43,000 after buying an additional 2,098 shares in the last quarter. Invesco Ltd. raised its position in Banco Santander Brasil by 1.1% in the 4th quarter. Invesco Ltd. now owns 232,826 shares of the bank’s stock valued at $1,423,000 after buying an additional 2,631 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Banco Santander Brasil by 251.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,804 shares of the bank’s stock valued at $34,000 after buying an additional 4,153 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its stake in Banco Santander Brasil by 40.9% during the 2nd quarter. Engineers Gate Manager LP now owns 18,910 shares of the bank’s stock valued at $103,000 after acquiring an additional 5,490 shares in the last quarter. Institutional investors own 14.53% of the company’s stock.

Banco Santander Brasil Trading Down 0.1%

Shares of NYSE:BSBR opened at $5.88 on Friday. Banco Santander Brasil SA has a 1 year low of $4.94 and a 1 year high of $7.32. The business has a fifty day moving average price of $5.59 and a two-hundred day moving average price of $5.71. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.56 and a current ratio of 1.56.

Banco Santander Brasil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Thursday, July 30th were given a dividend of $0.1045 per share. The ex-dividend date was Thursday, July 30th. This represents a $0.42 annualized dividend and a yield of 7.1%.

Insider Activity at Banco Santander Brasil

In related news, insider Robson De Souza Rezende sold 39,874 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $5.70, for a total transaction of $227,281.80. Following the completion of the sale, the insider owned 31,003 shares in the company, valued at approximately $176,717.10. This trade represents a 56.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Celso Mateus De Queiroz sold 29,299 shares of Banco Santander Brasil stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $5.78, for a total transaction of $169,348.22. Following the completion of the sale, the insider directly owned 23,838 shares in the company, valued at approximately $137,783.64. This represents a 55.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 162,638 shares of company stock valued at $930,663 in the last 90 days. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on BSBR shares. Weiss Ratings raised shares of Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. JPMorgan Chase & Co. downgraded shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $6.50 to $6.00 in a report on Thursday, July 30th. Wall Street Zen lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research cut shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a report on Friday, July 3rd. Finally, UBS Group downgraded shares of Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research report on Monday, August 24th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $6.00.

Banco Santander Brasil Company Profile

Banco Santander Brasil SA is a Brazilian financial institution and a subsidiary of Spain-based Banco Santander. Headquartered in São Paulo, the company provides banking and financial services to individual customers, small and midsize businesses, corporations and institutional clients throughout Brazil.

Its offerings include checking and savings accounts, consumer and commercial lending, credit and debit cards, mortgages, insurance, investments, asset management, payment solutions and foreign-exchange services.