XTX Topco Ltd Invests $87,000 in Banco Santander Brasil SA (NYSE:BSBR)

XTX Topco Ltd bought a new position in Banco Santander Brasil SA (NYSE:BSBR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,380 shares of the bank’s stock, valued at approximately $87,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC grew its stake in Banco Santander Brasil by 25.2% in the 1st quarter. Signaturefd LLC now owns 9,872 shares of the bank’s stock worth $46,000 after acquiring an additional 1,986 shares during the period. Drive Wealth Management LLC purchased a new stake in Banco Santander Brasil in the 1st quarter worth approximately $62,000. May Hill Capital LLC purchased a new stake in Banco Santander Brasil in the 1st quarter worth approximately $63,000. LPL Financial LLC purchased a new stake in Banco Santander Brasil in the 4th quarter worth approximately $70,000. Finally, Checchi Capital Advisers LLC purchased a new stake in Banco Santander Brasil in the 1st quarter worth approximately $70,000. 14.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. UBS Group raised shares of Banco Santander Brasil from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.35.

Banco Santander Brasil Stock Up 0.2%

Shares of NYSE BSBR opened at $5.00 on Friday. Banco Santander Brasil SA has a 52-week low of $3.75 and a 52-week high of $5.77. The firm has a fifty day moving average of $5.11 and a 200-day moving average of $4.92. The stock has a market capitalization of $18.61 billion, a PE ratio of 6.17, a P/E/G ratio of 0.64 and a beta of 0.73. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 3.28.

Banco Santander Brasil Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, August 18th. Stockholders of record on Tuesday, July 22nd will be paid a dividend of $0.0655 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a dividend yield of 526.0%. This is a boost from Banco Santander Brasil’s previous dividend of $0.05. Banco Santander Brasil’s dividend payout ratio is presently 32.10%.

About Banco Santander Brasil

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.