Banco Santander (Brasil) S.A. (NYSE:BSBR) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC raised its position in Banco Santander (Brasil) S.A. (NYSE:BSBR) by 24.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,137 shares of the bank’s stock after purchasing an additional 3,156 shares during the quarter. Ballentine Partners LLC’s holdings in Banco Santander (Brasil) were worth $92,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Parallel Advisors LLC grew its position in Banco Santander (Brasil) by 63.5% in the 4th quarter. Parallel Advisors LLC now owns 6,522 shares of the bank’s stock worth $43,000 after purchasing an additional 2,533 shares during the last quarter. Signaturefd LLC raised its stake in shares of Banco Santander (Brasil) by 10.8% during the fourth quarter. Signaturefd LLC now owns 26,104 shares of the bank’s stock worth $171,000 after buying an additional 2,544 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Banco Santander (Brasil) by 15.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,721 shares of the bank’s stock worth $214,000 after buying an additional 4,359 shares during the last quarter. Jump Financial LLC grew its holdings in Banco Santander (Brasil) by 62.6% during the fourth quarter. Jump Financial LLC now owns 74,200 shares of the bank’s stock valued at $486,000 after purchasing an additional 28,564 shares during the period. Finally, Vinland Capital Management Gestora de Recursos LTDA. acquired a new position in Banco Santander (Brasil) during the fourth quarter valued at approximately $655,000. Institutional investors and hedge funds own 14.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America upgraded shares of Banco Santander (Brasil) from a “neutral” rating to a “buy” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.60.

Banco Santander (Brasil) Price Performance

NYSE BSBR opened at $5.05 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average price is $5.33 and its two-hundred day moving average price is $5.71. Banco Santander has a 1 year low of $4.90 and a 1 year high of $6.66.

Banco Santander (Brasil) Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 23rd were given a $0.0792 dividend. The ex-dividend date was Monday, April 22nd. This is a positive change from Banco Santander (Brasil)’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 6.27%.

Banco Santander (Brasil) 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.