Banco Santander Brasil SA (NYSE:BSBR) has received a consensus rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $13.50.
BSBR has been the subject of several research analyst reports. Morgan Stanley raised shares of Banco Santander Brasil from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 9th. Zacks Investment Research raised shares of Banco Santander Brasil from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. Finally, HSBC lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th.
A number of hedge funds have recently modified their holdings of BSBR. Millennium Management LLC purchased a new stake in Banco Santander Brasil during the fourth quarter worth approximately $401,000. Paloma Partners Management Co purchased a new stake in Banco Santander Brasil during the fourth quarter worth approximately $118,000. Barclays PLC grew its stake in Banco Santander Brasil by 476.4% during the fourth quarter. Barclays PLC now owns 38,190 shares of the bank’s stock worth $425,000 after buying an additional 31,564 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Banco Santander Brasil by 158.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,795 shares of the bank’s stock worth $888,000 after buying an additional 48,944 shares during the period. Finally, Citigroup Inc. grew its stake in Banco Santander Brasil by 131.5% during the fourth quarter. Citigroup Inc. now owns 15,168 shares of the bank’s stock worth $169,000 after buying an additional 8,617 shares during the period. 1.01% of the stock is owned by hedge funds and other institutional investors.
The business also recently declared a special dividend, which will be paid on Tuesday, March 5th. Investors of record on Wednesday, January 9th will be given a dividend of $0.1327 per share. This is a positive change from Banco Santander Brasil’s previous special dividend of $0.04. The ex-dividend date is Tuesday, January 8th. Banco Santander Brasil’s dividend payout ratio is 34.25%.
About Banco Santander Brasil
Banco Santander (Brasil) SA provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services.
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