Banco Santander (Brasil) S.A. (NYSE:BSBR) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its holdings in Banco Santander (Brasil) S.A. (NYSE:BSBR) by 58.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,466 shares of the bank’s stock after selling 204,523 shares during the quarter. Millennium Management LLC’s holdings in Banco Santander (Brasil) were worth $557,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in Banco Santander (Brasil) in the 4th quarter valued at $983,000. Marshall Wace LLP lifted its stake in shares of Banco Santander (Brasil) by 35.1% in the 4th quarter. Marshall Wace LLP now owns 750,403 shares of the bank’s stock worth $2,934,000 after acquiring an additional 194,984 shares during the period. Bank of America Corp DE boosted its holdings in shares of Banco Santander (Brasil) by 92.3% in the fourth quarter. Bank of America Corp DE now owns 256,119 shares of the bank’s stock valued at $1,001,000 after acquiring an additional 122,924 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Banco Santander (Brasil) by 290.9% in the fourth quarter. JPMorgan Chase & Co. now owns 118,916 shares of the bank’s stock valued at $465,000 after acquiring an additional 88,497 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Banco Santander (Brasil) during the fourth quarter worth about $297,000. Institutional investors and hedge funds own 14.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BSBR. Wall Street Zen upgraded shares of Banco Santander (Brasil) from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd. The Goldman Sachs Group raised Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and increased their target price for the stock from $4.20 to $4.70 in a research note on Wednesday, February 12th.

Banco Santander (Brasil) Trading Down 0.3%

Shares of Banco Santander (Brasil) stock opened at $5.16 on Monday. Banco Santander has a 1 year low of $3.75 and a 1 year high of $5.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. The business has a 50 day moving average price of $5.01 and a 200 day moving average price of $4.58. The company has a market capitalization of $19.19 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.73 and a beta of 0.76.

Banco Santander (Brasil) Cuts Dividend

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