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.
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.
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%.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3296678/banco-santander-brasil-sa-bsbr-shares-sold-by-quantitative-investment-management-llc.html.
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.
Want to see what other hedge funds are holding BSBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander Brasil SA (NYSE:BSBR).
Receive News & Ratings for Banco Santander Brasil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander Brasil and related companies with MarketBeat.com's FREE daily email newsletter.