SBI Securities Co. Ltd. Makes New Investment in Banco Santander (Brasil) S.A. (NYSE:BSBR)

SBI Securities Co. Ltd. bought a new position in Banco Santander (Brasil) S.A. (NYSE:BSBR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,446 shares of the bank’s stock, valued at approximately $37,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC grew its position in shares of Banco Santander (Brasil) by 221.4% during the 3rd quarter. Barclays PLC now owns 12,428 shares of the bank’s stock worth $65,000 after buying an additional 8,561 shares in the last quarter. R Squared Ltd bought a new position in shares of Banco Santander (Brasil) during the 4th quarter worth $70,000. Walleye Capital LLC bought a new position in shares of Banco Santander (Brasil) during the 3rd quarter worth $85,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Banco Santander (Brasil) by 68.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after buying an additional 7,608 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Banco Santander (Brasil) during the 3rd quarter worth $101,000. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Banco Santander (Brasil) Price Performance

Shares of NYSE BSBR 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. The company has a market cap of $16.20 billion, a PE ratio of 5.37, a P/E/G ratio of 0.73 and a beta of 1.01. The business has a 50-day simple moving average of $4.39 and a two-hundred day simple moving average of $4.69. Banco Santander has a fifty-two week low of $3.75 and a fifty-two week high of $6.01.

Banco Santander (Brasil) Cuts Dividend

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

Analyst Ratings Changes

BSBR has been the topic of a number of recent research reports. StockNews.com downgraded Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. The Goldman Sachs Group raised Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and raised their price objective for the company from $4.20 to $4.70 in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $7.00 to $6.00 in a research report on Monday, November 25th. Finally, Bank of America downgraded Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th.

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.