Banco Santander (Brasil) (NYSE:BSBR) Downgraded to Hold Rating by StockNews.com

Banco Santander (Brasil) (NYSE:BSBR) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Separately, JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $7.00 to $6.00 in a research report on Monday.

Banco Santander (Brasil) Price Performance

Shares of Banco Santander (Brasil) stock opened at $4.60 on Tuesday. Banco Santander has a 1 year low of $4.32 and a 1 year high of $6.66. 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 company has a 50-day moving average of $4.97 and a 200 day moving average of $5.18.

Hedge Funds Weigh In On Banco Santander (Brasil)

A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Banco Santander (Brasil) by 183.6% in the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after purchasing an additional 6,313 shares during the period. Barclays PLC boosted its stake in shares of Banco Santander (Brasil) by 221.4% in the 3rd quarter. Barclays PLC now owns 12,428 shares of the bank’s stock worth $65,000 after buying an additional 8,561 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Banco Santander (Brasil) by 41.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock worth $71,000 after acquiring an additional 4,387 shares during the period. Walleye Capital LLC purchased a new stake in Banco Santander (Brasil) during the third quarter valued at $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Banco Santander (Brasil) by 68.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock valued at $99,000 after acquiring an additional 7,608 shares during the period. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

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.