Russell Investments Group Ltd. Lowers Position in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Russell Investments Group Ltd. trimmed its position in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 43.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,734 shares of the bank’s stock after selling 18,204 shares during the quarter. Russell Investments Group Ltd.’s holdings in Banco Santander (Brasil) were worth $92,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BSBR. Barclays PLC increased its position in 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 purchasing an additional 8,561 shares during the period. JPMorgan Chase & Co. grew its holdings in Banco Santander (Brasil) by 767.1% during the third quarter. JPMorgan Chase & Co. now owns 30,419 shares of the bank’s stock worth $160,000 after acquiring an additional 26,911 shares during the period. R Squared Ltd acquired a new position in Banco Santander (Brasil) during the fourth quarter worth $70,000. SBI Securities Co. Ltd. purchased a new position in Banco Santander (Brasil) in the fourth quarter worth $37,000. Finally, American Century Companies Inc. boosted its position in shares of Banco Santander (Brasil) by 10.8% during the 4th quarter. American Century Companies Inc. now owns 548,931 shares of the bank’s stock worth $2,146,000 after purchasing an additional 53,542 shares in the last quarter. 14.53% of the stock is owned by hedge funds and other institutional investors.

Banco Santander (Brasil) Stock Down 0.2 %

Shares of NYSE BSBR opened at $4.97 on Friday. The firm’s 50-day moving average is $4.63 and its two-hundred day moving average is $4.50. The company has a market capitalization of $18.50 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 0.73 and a beta of 0.66. Banco Santander has a 12-month low of $3.75 and a 12-month high of $6.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30.

Banco Santander (Brasil) Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, May 19th. Investors of record on Thursday, April 24th will be paid a $0.0463 dividend. This represents a yield of 3.97%. The ex-dividend date of this dividend is Wednesday, April 23rd. Banco Santander (Brasil)’s payout ratio is currently 22.22%.

Wall Street Analyst Weigh In

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

Banco Santander (Brasil) 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.