Banco Santander Brasil SA (NYSE:BSBR) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Banco Santander Brasil SA (NYSE:BSBR) by 793.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,814 shares of the bank’s stock after buying an additional 66,444 shares during the period. GAMMA Investing LLC’s holdings in Banco Santander Brasil were worth $352,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BSBR. Arrowstreet Capital Limited Partnership raised its position in Banco Santander Brasil by 2.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,931,201 shares of the bank’s stock worth $7,551,000 after buying an additional 51,542 shares during the last quarter. Marshall Wace LLP boosted its holdings 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 valued at $2,934,000 after acquiring an additional 194,984 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Banco Santander Brasil by 10.8% in the fourth quarter. American Century Companies Inc. now owns 548,931 shares of the bank’s stock worth $2,146,000 after acquiring an additional 53,542 shares during the period. Bank of America Corp DE raised its holdings in shares of Banco Santander Brasil by 92.3% during the fourth quarter. Bank of America Corp DE now owns 256,119 shares of the bank’s stock worth $1,001,000 after purchasing an additional 122,924 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Banco Santander Brasil during the fourth quarter worth $983,000. 14.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. UBS Group raised shares of Banco Santander Brasil from a “neutral” rating to a “buy” rating in a report on Wednesday, June 11th. Wall Street Zen raised Banco Santander Brasil from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Banco Santander Brasil presently has an average rating of “Moderate Buy” and a consensus target price of $5.35.

Banco Santander Brasil Stock Down 2.3%

BSBR opened at $5.33 on Friday. The company has a fifty day moving average of $5.17 and a two-hundred day moving average of $4.64. The stock has a market capitalization of $19.82 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.69 and a beta of 0.76. Banco Santander Brasil SA has a fifty-two week low of $3.75 and a fifty-two week high of $5.77. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.55 and a current ratio of 1.55.

Banco Santander Brasil Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, May 19th. Stockholders of record on Thursday, April 24th were given a dividend of $0.0463 per share. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 3.97%. Banco Santander Brasil’s dividend payout ratio (DPR) is 22.22%.

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.