Rhumbline Advisers Sells 7,275 Shares of Banco Santander (Brasil) S.A. (NYSE:BSBR)

Rhumbline Advisers trimmed its stake in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 38.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,768 shares of the bank’s stock after selling 7,275 shares during the quarter. Rhumbline Advisers’ holdings in Banco Santander (Brasil) were worth $46,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in BSBR. Barclays PLC raised its position 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 worth $65,000 after acquiring an additional 8,561 shares during the last quarter. R Squared Ltd bought a new position in shares of Banco Santander (Brasil) during the fourth quarter worth about $70,000. Walleye Capital LLC bought a new position in shares of Banco Santander (Brasil) during the third quarter worth about $85,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Banco Santander (Brasil) by 68.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after acquiring an additional 7,608 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Banco Santander (Brasil) during the third quarter worth about $101,000. 14.53% of the stock is currently owned by institutional investors.

Banco Santander (Brasil) Trading Down 1.1 %

Shares of Banco Santander (Brasil) stock opened at $4.35 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. Banco Santander has a 52 week low of $3.75 and a 52 week high of $6.01. The stock has a 50 day moving average price of $4.39 and a two-hundred day moving average price of $4.69. The stock has a market capitalization of $16.20 billion, a PE ratio of 5.37, a price-to-earnings-growth ratio of 0.73 and a beta of 1.01.

Banco Santander (Brasil) Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Friday, January 24th were paid a $0.066 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.26 dividend on an annualized basis and a yield of 6.06%. Banco Santander (Brasil)’s dividend payout ratio (DPR) is presently 24.69%.

Wall Street Analysts Forecast Growth

BSBR has been the subject of a number of analyst reports. Bank of America downgraded Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group upgraded 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 report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $7.00 to $6.00 in a report on Monday, November 25th. Finally, StockNews.com downgraded Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Friday, February 21st.

About Banco Santander (Brasil)

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.