Ritholtz Wealth Management trimmed its stake in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR – Get Rating) by 29.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,209 shares of the bank's stock after selling 13,470 shares during the quarter. Ritholtz Wealth Management's holdings in Banco Santander (Brasil) were worth $177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in BSBR. Mirae Asset Global Investments Co. Ltd. grew its stake in Banco Santander (Brasil) by 4.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,330 shares of the bank's stock worth $280,000 after purchasing an additional 1,486 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Banco Santander (Brasil) by 7.2% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,646 shares of the bank's stock worth $251,000 after purchasing an additional 2,197 shares during the period. Wetherby Asset Management Inc. grew its stake in Banco Santander (Brasil) by 9.3% during the fourth quarter. Wetherby Asset Management Inc. now owns 29,797 shares of the bank's stock worth $160,000 after purchasing an additional 2,539 shares during the period. Signaturefd LLC grew its stake in Banco Santander (Brasil) by 19.7% during the first quarter. Signaturefd LLC now owns 17,494 shares of the bank's stock worth $135,000 after purchasing an additional 2,883 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Banco Santander (Brasil) by 19.5% during the first quarter. PNC Financial Services Group Inc. now owns 18,573 shares of the bank's stock worth $144,000 after purchasing an additional 3,037 shares during the period. 14.52% of the stock is currently owned by institutional investors.
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Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Barclays decreased their target price on Banco Santander (Brasil) from $7.00 to $6.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 27th. TheStreet cut Banco Santander (Brasil) from a "b-" rating to a "c+" rating in a research note on Tuesday, July 12th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $6.00.
Banco Santander (Brasil) Trading Down 0.2 %
Shares of Banco Santander (Brasil) stock opened at $5.63 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.94 and a current ratio of 0.12. Banco Santander has a 52 week low of $4.86 and a 52 week high of $7.97. The stock has a 50 day moving average price of $5.71 and a two-hundred day moving average price of $6.26. The stock has a market capitalization of $21.02 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.36 and a beta of 0.97.
Banco Santander (Brasil) Increases Dividend
The business also recently announced a — dividend, which was paid on Tuesday, September 13th. Investors of record on Tuesday, August 16th were given a dividend of $0.0365 per share. This is a boost from Banco Santander (Brasil)'s previous — dividend of $0.03. The ex-dividend date of this dividend was Monday, August 15th. This represents a dividend yield of 6.9%. Banco Santander (Brasil)'s payout ratio is presently 72.50%.
About Banco Santander (Brasil)
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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 in two segments, Commercial Banking and Global Wholesale Banking. It offers deposits and other bank funding instruments; debit and credit cards; digital prepaid solutions; payment platform; loyalty programs; employee benefit vouchers; payroll loans; digital lending and online debt renegotiation services; mortgages; home equity financing products; consumer credit; and local loans, commercial and trade finance, guarantees, structured loans, and cash management and funding solutions, as well as on-lending transfer services.
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