Public Employees Retirement System of Ohio Purchases 3,813 Shares of Banco Santander Brasil SA $BSBR

Public Employees Retirement System of Ohio lifted its position in Banco Santander Brasil SA (NYSE:BSBR) by 48.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,617 shares of the bank’s stock after buying an additional 3,813 shares during the period. Public Employees Retirement System of Ohio’s holdings in Banco Santander Brasil were worth $63,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Banco Santander Brasil by 793.8% in the 1st quarter. GAMMA Investing LLC now owns 74,814 shares of the bank’s stock valued at $352,000 after buying an additional 66,444 shares in the last quarter. American Century Companies Inc. increased its position in shares of Banco Santander Brasil by 11.9% in the 1st quarter. American Century Companies Inc. now owns 614,264 shares of the bank’s stock valued at $2,893,000 after buying an additional 65,333 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Banco Santander Brasil by 74.0% in the 1st quarter. Wellington Management Group LLP now owns 1,606,117 shares of the bank’s stock valued at $7,565,000 after buying an additional 683,045 shares in the last quarter. Cordatus Wealth Management LLC bought a new stake in shares of Banco Santander Brasil in the 1st quarter valued at $611,000. Finally, XTX Topco Ltd bought a new stake in shares of Banco Santander Brasil in the 1st quarter valued at $87,000. Institutional investors own 14.53% of the company’s stock.

Wall Street Analyst Weigh In

BSBR has been the subject of a number of recent analyst reports. UBS Group upgraded shares of Banco Santander Brasil from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Banco Santander Brasil in a report on Saturday, September 27th. Finally, Wall Street Zen upgraded Banco Santander Brasil from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Banco Santander Brasil has an average rating of “Hold” and a consensus target price of $5.35.

Banco Santander Brasil Price Performance

NYSE:BSBR opened at $5.27 on Wednesday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.37 and a current ratio of 1.37. The stock’s 50-day simple moving average is $5.20 and its 200 day simple moving average is $5.11. The company has a market cap of $19.65 billion, a P/E ratio of 6.50, a P/E/G ratio of 0.67 and a beta of 0.80. Banco Santander Brasil SA has a 52-week low of $3.75 and a 52-week high of $5.65.

Banco Santander Brasil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were paid a $0.0655 dividend. This is an increase from Banco Santander Brasil’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, July 21st. This represents a $0.26 annualized dividend and a yield of 5.0%. Banco Santander Brasil’s dividend payout ratio (DPR) is 33.33%.

About Banco Santander Brasil

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.