Arrowstreet Capital Limited Partnership Increases Holdings in Banco Santander Brasil SA $BSBR

Arrowstreet Capital Limited Partnership raised its holdings in shares of Banco Santander Brasil SA (NYSE:BSBR) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,526,757 shares of the bank’s stock after acquiring an additional 121,804 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.07% of Banco Santander Brasil worth $13,771,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. XTX Topco Ltd acquired a new position in Banco Santander Brasil in the first quarter valued at approximately $87,000. Invesco Ltd. lifted its position in shares of Banco Santander Brasil by 8.4% during the 1st quarter. Invesco Ltd. now owns 188,544 shares of the bank’s stock worth $888,000 after buying an additional 14,580 shares during the last quarter. American Century Companies Inc. boosted its holdings 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. Brooklyn Investment Group purchased a new position in shares of Banco Santander Brasil in the 1st quarter valued at $71,000. Finally, Wellington Management Group LLP grew 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 during the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

Banco Santander Brasil Price Performance

BSBR opened at $6.04 on Tuesday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.34 and a quick ratio of 1.34. Banco Santander Brasil SA has a 12 month low of $3.75 and a 12 month high of $6.59. The business has a 50 day simple moving average of $5.82 and a 200-day simple moving average of $5.41.

Banco Santander Brasil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Thursday, October 23rd were given a dividend of $0.0983 per share. This represents a $0.39 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Thursday, October 23rd. This is an increase from Banco Santander Brasil’s previous quarterly dividend of $0.07.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Banco Santander Brasil in a report on Monday, December 1st. Finally, Wall Street Zen upgraded Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Banco Santander Brasil has a consensus rating of “Hold” and a consensus price target of $4.70.

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.