XTX Topco Ltd Invests $87,000 in Banco Santander Brasil SA (NYSE:BSBR)

XTX Topco Ltd bought a new position in shares of Banco Santander Brasil SA (NYSE:BSBR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,380 shares of the bank’s stock, valued at approximately $87,000.

Several other large investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Banco Santander Brasil by 793.8% during the 1st quarter. GAMMA Investing LLC now owns 74,814 shares of the bank’s stock worth $352,000 after buying an additional 66,444 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Banco Santander Brasil by 92.3% during the 4th quarter. Bank of America Corp DE now owns 256,119 shares of the bank’s stock worth $1,001,000 after buying an additional 122,924 shares during the last quarter. Invesco Ltd. lifted its position in shares of Banco Santander Brasil by 53.6% during the 4th quarter. Invesco Ltd. now owns 173,964 shares of the bank’s stock worth $680,000 after buying an additional 60,713 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Banco Santander Brasil by 67.3% during the 4th quarter. BNP Paribas Financial Markets now owns 71,216 shares of the bank’s stock worth $278,000 after buying an additional 28,658 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Banco Santander Brasil by 290.9% during the 4th quarter. JPMorgan Chase & Co. now owns 118,916 shares of the bank’s stock worth $465,000 after buying an additional 88,497 shares during the last quarter. 14.53% of the stock is owned by institutional investors and hedge funds.

Banco Santander Brasil Price Performance

Banco Santander Brasil stock opened at $5.00 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 3.28. The company has a market capitalization of $18.61 billion, a PE ratio of 6.17, a P/E/G ratio of 0.64 and a beta of 0.73. Banco Santander Brasil SA has a 12 month low of $3.75 and a 12 month high of $5.77. The stock has a 50-day moving average price of $5.11 and a two-hundred day moving average price of $4.92.

Banco Santander Brasil Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, August 18th. Shareholders of record on Tuesday, July 22nd will be given a $0.0655 dividend. This is a boost from Banco Santander Brasil’s previous dividend of $0.05. This represents a yield of 526.0%. The ex-dividend date is Monday, July 21st. Banco Santander Brasil’s dividend payout ratio is 32.10%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BSBR. UBS Group upgraded Banco Santander Brasil from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 11th. Wall Street Zen downgraded Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.35.

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.