Allianz Asset Management GmbH grew its position in shares of Banco Santander Brasil SA (NYSE:BSBR) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 374,901 shares of the bank’s stock after buying an additional 46,538 shares during the quarter. Allianz Asset Management GmbH’s holdings in Banco Santander Brasil were worth $3,625,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Trexquant Investment LP raised its position in Banco Santander Brasil by 60.0% during the 3rd quarter. Trexquant Investment LP now owns 25,353 shares of the bank’s stock worth $222,000 after buying an additional 9,506 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Banco Santander Brasil by 6,501.6% in the 4th quarter. Advisory Services Network LLC now owns 49,182 shares of the bank’s stock valued at $476,000 after purchasing an additional 48,437 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Banco Santander Brasil in the 4th quarter valued at about $499,000. OxFORD Asset Management LLP increased its holdings in shares of Banco Santander Brasil by 26.0% in the 3rd quarter. OxFORD Asset Management LLP now owns 59,095 shares of the bank’s stock valued at $514,000 after purchasing an additional 12,184 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Banco Santander Brasil by 19.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 82,680 shares of the bank’s stock valued at $722,000 after purchasing an additional 13,280 shares in the last quarter. Institutional investors own 1.66% of the company’s stock.
Banco Santander Brasil SA (NYSE BSBR) opened at $11.32 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.10. The stock has a market cap of $42,704.14, a PE ratio of 20.58, a PEG ratio of 1.15 and a beta of 1.59. Banco Santander Brasil SA has a twelve month low of $6.86 and a twelve month high of $11.93.
The firm also recently announced a special dividend, which was paid on Monday, March 5th. Shareholders of record on Tuesday, January 9th were issued a dividend of $0.1856 per share. This is an increase from Banco Santander Brasil’s previous special dividend of $0.04. The ex-dividend date was Monday, January 8th. Banco Santander Brasil’s dividend payout ratio (DPR) is 20.00%.
BSBR has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Banco Santander Brasil from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. ValuEngine downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Finally, Citigroup downgraded shares of Banco Santander Brasil from a “neutral” rating to a “sell” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $15.00.
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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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