Banco Santander Brasil SA (BSBR) Shares Sold by Quantitative Investment Management LLC

Quantitative Investment Management LLC trimmed its stake in Banco Santander Brasil SA (NYSE:BSBR) by 92.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,500 shares of the bank’s stock after selling 175,300 shares during the quarter. Quantitative Investment Management LLC’s holdings in Banco Santander Brasil were worth $140,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Aperio Group LLC lifted its stake in shares of Banco Santander Brasil by 15.3% during the 4th quarter. Aperio Group LLC now owns 160,456 shares of the bank’s stock valued at $1,552,000 after buying an additional 21,348 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake in shares of Banco Santander Brasil by 5,106.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 249,900 shares of the bank’s stock valued at $2,417,000 after buying an additional 245,100 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in Banco Santander Brasil by 183.3% during the 4th quarter. Pinebridge Investments L.P. now owns 393,144 shares of the bank’s stock worth $3,802,000 after acquiring an additional 254,384 shares during the period. JPMorgan Chase & Co. increased its holdings in Banco Santander Brasil by 192,151.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,526,178 shares of the bank’s stock worth $21,725,000 after acquiring an additional 2,524,864 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in Banco Santander Brasil by 11.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 328,363 shares of the bank’s stock worth $2,870,000 after acquiring an additional 33,233 shares during the period. Institutional investors own 1.66% of the company’s stock.

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A number of analysts recently weighed in on BSBR shares. Zacks Investment Research raised shares of Banco Santander Brasil from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Citigroup lowered shares of Banco Santander Brasil from a “neutral” rating to a “sell” rating in a report on Thursday, March 1st. Finally, ValuEngine raised shares of Banco Santander Brasil from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Banco Santander Brasil presently has an average rating of “Hold” and a consensus price target of $15.00.

Shares of BSBR stock opened at $11.09 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 0.91. The firm has a market cap of $41,804.32, a P/E ratio of 20.27, a P/E/G ratio of 1.12 and a beta of 1.57. Banco Santander Brasil SA has a twelve month low of $6.86 and a twelve month high of $11.93.

The company also recently announced a special dividend, which was paid on Monday, March 5th. Investors of record on Tuesday, January 9th were issued a dividend of $0.1856 per share. The ex-dividend date was Monday, January 8th. This is a positive change from Banco Santander Brasil’s previous special dividend of $0.04. Banco Santander Brasil’s dividend payout ratio is 20.00%.

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About Banco Santander Brasil

Banco Santander (Brasil) SA (the Bank) is indirectly controlled by Banco Santander, SA, and is an institution of the Financial and Prudential Group. The Bank operates through two segments, Commercial Banking and Global Wholesale Banking. The Company conducts its operations by means of portfolios such as commercial, investment, lending and financing, mortgage lending, leasing, credit card operations and foreign exchange.

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Institutional Ownership by Quarter for Banco Santander Brasil (NYSE:BSBR)

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