JPMorgan Chase & Co. Grows Position in Banco Santander (Brasil) S.A. (NYSE:BSBR)

JPMorgan Chase & Co. grew its stake in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 290.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 118,916 shares of the bank’s stock after purchasing an additional 88,497 shares during the period. JPMorgan Chase & Co.’s holdings in Banco Santander (Brasil) were worth $465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC boosted its holdings in 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 buying an additional 8,561 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Banco Santander (Brasil) in the 4th quarter worth approximately $70,000. SBI Securities Co. Ltd. acquired a new stake in shares of Banco Santander (Brasil) in the 4th quarter worth approximately $37,000. American Century Companies Inc. increased its stake in Banco Santander (Brasil) by 10.8% in the 4th quarter. American Century Companies Inc. now owns 548,931 shares of the bank’s stock valued at $2,146,000 after purchasing an additional 53,542 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in Banco Santander (Brasil) during the fourth quarter worth $70,000. 14.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group raised Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and upped their target price for the company from $4.20 to $4.70 in a report on Wednesday, February 12th. StockNews.com downgraded shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Friday, February 21st.

Banco Santander (Brasil) Trading Down 2.4 %

Shares of BSBR stock opened at $5.14 on Friday. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.73 and a beta of 0.66. Banco Santander has a twelve month low of $3.75 and a twelve month high of $6.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $4.67 and a 200 day moving average price of $4.50.

Banco Santander (Brasil) Cuts Dividend

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

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.