Banco Santander Brasil SA (NYSE:BSBR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “Banco Santander, S.A. is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country. The Latin America segment embraces all its financial activities conducted through its banks and subsidiaries in the region. The United States segment includes the Intermediate Holding Company (IHC) and its subsidiaries Santander Bank, Banco Santander Puerto Rico, Santander Consumer USA, Banco Santander International, Santander Investment Securities, and the Santander branch in New York. The Company’s commercial model satisfies the needs of all types of customers: individuals with various income levels. “

A number of other equities analysts have also recently issued reports on BSBR. BidaskClub upgraded Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. J P Morgan Chase & Co upgraded Banco Santander Brasil SA from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $6.00 to $7.50 in a report on Friday, May 19th. Citigroup Inc. upgraded Banco Santander Brasil SA from a “sell” rating to a “neutral” rating in a report on Tuesday, July 4th. ValuEngine upgraded Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, HSBC Holdings plc upgraded Banco Santander Brasil SA from a “reduce” rating to a “hold” rating in a report on Thursday, May 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.47.

Shares of Banco Santander Brasil SA (NYSE:BSBR) traded up 2.52% during mid-day trading on Monday, reaching $9.34. The company had a trading volume of 1,941,608 shares. Banco Santander Brasil SA has a 1-year low of $6.40 and a 1-year high of $11.75. The firm has a 50-day moving average price of $8.59 and a 200-day moving average price of $8.56. The stock has a market capitalization of $35.04 billion, a price-to-earnings ratio of 14.11 and a beta of 1.55.

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Hedge funds have recently modified their holdings of the business. NN Investment Partners Holdings N.V. purchased a new stake in shares of Banco Santander Brasil SA in the 1st quarter worth $118,000. Trexquant Investment LP purchased a new stake in shares of Banco Santander Brasil SA in the 2nd quarter worth $119,000. Citigroup Inc. lifted its holdings in shares of Banco Santander Brasil SA by 3.7% in the 2nd quarter. Citigroup Inc. now owns 15,961 shares of the bank’s stock worth $120,000 after buying an additional 566 shares during the period. Advisor Group Inc. lifted its holdings in shares of Banco Santander Brasil SA by 5.8% in the 2nd quarter. Advisor Group Inc. now owns 21,268 shares of the bank’s stock worth $120,000 after buying an additional 1,166 shares during the period. Finally, Koch Industries Inc. purchased a new stake in shares of Banco Santander Brasil SA in the 1st quarter worth $121,000. Institutional investors and hedge funds own 1.66% of the company’s stock.

Banco Santander Brasil SA Company Profile

Banco Santander (Brasil) SA (the Bank) is indirectly controlled by Banco Santander, SA, and is an institution of the Financial and Prudential Group. The Bank operates through two segments, Commercial Banking and Global Wholesale Banking. The Company conducts its operations by means of portfolios such as commercial, investment, lending and financing, mortgage lending, leasing, credit card operations and foreign exchange.

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