Arrowstreet Capital Limited Partnership Raises Stock Position in Banco Santander Brasil SA $BSBR

Arrowstreet Capital Limited Partnership lifted its position in shares of Banco Santander Brasil SA (NYSE:BSBR) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (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’s holdings in Banco Santander Brasil were worth $13,771,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its holdings in Banco Santander Brasil by 48.9% during the second quarter. Public Employees Retirement System of Ohio now owns 11,617 shares of the bank’s stock worth $63,000 after purchasing an additional 3,813 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Banco Santander Brasil by 27.5% during the 2nd quarter. GAMMA Investing LLC now owns 20,256 shares of the bank’s stock worth $110,000 after buying an additional 4,372 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Banco Santander Brasil by 553.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 6,997 shares of the bank’s stock worth $38,000 after buying an additional 5,927 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Banco Santander Brasil in the 1st quarter valued at about $46,000. Finally, Vident Advisory LLC purchased a new position in Banco Santander Brasil during the 1st quarter valued at about $50,000. 14.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Banco Santander Brasil Stock Down 1.1%

Shares of NYSE 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. The firm has a fifty day moving average of $5.82 and a 200-day moving average of $5.41. Banco Santander Brasil SA has a 52-week low of $3.75 and a 52-week high of $6.59.

Banco Santander Brasil Increases Dividend

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

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.