Rhumbline Advisers Cuts Stock Holdings in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Rhumbline Advisers decreased its stake in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 38.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,768 shares of the bank’s stock after selling 7,275 shares during the period. Rhumbline Advisers’ holdings in Banco Santander (Brasil) were worth $46,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BSBR. Wellington Management Group LLP boosted its position in shares of 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 valued at $5,986,000 after buying an additional 375,364 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of 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 valued at $944,000 after buying an additional 54,600 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Banco Santander (Brasil) during the third quarter valued at approximately $277,000. BNP Paribas Financial Markets boosted its position in shares of Banco Santander (Brasil) by 186.0% during the third quarter. BNP Paribas Financial Markets now owns 42,558 shares of the bank’s stock valued at $224,000 after buying an additional 27,675 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Banco Santander (Brasil) by 767.1% during the third quarter. JPMorgan Chase & Co. now owns 30,419 shares of the bank’s stock valued at $160,000 after buying an additional 26,911 shares during the last quarter. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BSBR. Bank of America cut Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group upgraded Banco Santander (Brasil) from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $4.20 to $4.70 in a report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded 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 report on Monday, November 25th. Finally, StockNews.com lowered Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Friday, February 21st.

Banco Santander (Brasil) Stock Performance

Shares of Banco Santander (Brasil) stock opened at $4.35 on Wednesday. The firm has a market capitalization of $16.20 billion, a P/E ratio of 5.37, a price-to-earnings-growth ratio of 0.73 and a beta of 1.01. The business’s fifty day simple moving average is $4.39 and its 200 day simple moving average is $4.69. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. Banco Santander has a 12 month low of $3.75 and a 12 month high of $6.01.

Banco Santander (Brasil) Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Friday, January 24th were paid a $0.066 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.26 annualized dividend and a dividend yield of 6.06%. Banco Santander (Brasil)’s payout ratio is presently 24.69%.

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.