Banco Santander (Brasil) S.A. (NYSE:BSBR) Shares Sold by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda trimmed its position in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 82.8% during the third quarter, HoldingsChannel reports. The fund owned 17,472 shares of the bank’s stock after selling 84,124 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Banco Santander (Brasil) were worth $92,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC grew its position in Banco Santander (Brasil) by 221.4% during the third 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 period. Public Employees Retirement System of Ohio acquired a new position in Banco Santander (Brasil) during the third quarter worth about $277,000. Wellington Management Group LLP grew its position in Banco Santander (Brasil) by 49.2% during the third quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after buying an additional 375,364 shares during the period. Point72 Asset Management L.P. grew its position in Banco Santander (Brasil) by 43.7% during the third quarter. Point72 Asset Management L.P. now owns 179,500 shares of the bank’s stock worth $944,000 after buying an additional 54,600 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Banco Santander (Brasil) during the third quarter worth about $101,000. 14.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. StockNews.com cut shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Bank of America downgraded shares of Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $7.00 to $6.00 in a research report on Monday, November 25th.

Banco Santander (Brasil) Stock Down 1.2 %

NYSE:BSBR traded down $0.05 on Friday, hitting $4.09. 70,633 shares of the stock were exchanged, compared to its average volume of 451,546. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. Banco Santander has a fifty-two week low of $4.05 and a fifty-two week high of $6.66. The stock has a fifty day moving average of $4.69 and a 200-day moving average of $5.07.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, October 21st were given a dividend of $0.0714 per share. This represents a $0.29 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date of this dividend was Monday, October 21st.

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.