BNP Paribas Financial Markets Grows Holdings in Banco Santander (Brasil) S.A. (NYSE:BSBR)

BNP Paribas Financial Markets grew its holdings in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 67.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,216 shares of the bank’s stock after acquiring an additional 28,658 shares during the period. BNP Paribas Financial Markets’ holdings in Banco Santander (Brasil) were worth $278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Banco Santander (Brasil) by 767.1% during the third quarter. JPMorgan Chase & Co. now owns 30,419 shares of the bank’s stock worth $160,000 after purchasing an additional 26,911 shares during the last quarter. R Squared Ltd bought a new position in shares of Banco Santander (Brasil) during the fourth quarter worth about $70,000. SBI Securities Co. Ltd. bought a new position in Banco Santander (Brasil) during the 4th quarter worth approximately $37,000. American Century Companies Inc. lifted its holdings in Banco Santander (Brasil) by 10.8% during the 4th quarter. American Century Companies Inc. now owns 548,931 shares of the bank’s stock worth $2,146,000 after buying an additional 53,542 shares during the last quarter. Finally, LPL Financial LLC bought a new position in Banco Santander (Brasil) during the 4th quarter worth approximately $70,000. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander (Brasil) Trading Up 0.8%

Shares of NYSE BSBR opened at $5.34 on Wednesday. Banco Santander has a one year low of $3.75 and a one year high of $5.77. The firm has a market capitalization of $19.88 billion, a PE ratio of 6.59, a PEG ratio of 0.73 and a beta of 0.76. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $4.93 and a two-hundred day moving average price of $4.54.

Banco Santander (Brasil) Cuts Dividend

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

Analyst Ratings Changes

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

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.