Santander Brasil (BSBR) Shares Sold by Bailard Inc.

Bailard Inc. reduced its stake in shares of Santander Brasil (NYSE:BSBR) by 41.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 309,300 shares of the bank’s stock after selling 215,100 shares during the quarter. Bailard Inc.’s holdings in Santander Brasil were worth $3,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. AMS Capital Ltda acquired a new stake in Santander Brasil during the fourth quarter worth approximately $6,427,000. Pinebridge Investments L.P. raised its stake in shares of Santander Brasil by 183.3% in the 4th quarter. Pinebridge Investments L.P. now owns 393,144 shares of the bank’s stock valued at $3,802,000 after acquiring an additional 254,384 shares during the period. Itau Unibanco Holding S.A. raised its stake in shares of Santander Brasil by 5,106.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 249,900 shares of the bank’s stock valued at $2,417,000 after acquiring an additional 245,100 shares during the period. American Century Companies Inc. purchased a new position in shares of Santander Brasil in the 4th quarter valued at $1,519,000. Finally, Macquarie Group Ltd. grew its holdings in Santander Brasil by 2.3% during the 4th quarter. Macquarie Group Ltd. now owns 5,121,200 shares of the bank’s stock valued at $49,520,000 after purchasing an additional 112,700 shares in the last quarter. Institutional investors own 1.59% of the company’s stock.

BSBR has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Santander Brasil from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Thursday, April 26th. ValuEngine lowered shares of Santander Brasil from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Citigroup lowered shares of Santander Brasil from a “neutral” rating to a “sell” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $11.00.

Santander Brasil opened at $9.99 on Thursday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.34 and a current ratio of 0.34. Santander Brasil has a 12 month low of $9.67 and a 12 month high of $9.99. The company has a market capitalization of $36.63 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54.

Santander Brasil (NYSE:BSBR) last released its earnings results on Wednesday, April 25th. The bank reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Santander Brasil had a net margin of 11.52% and a return on equity of 10.98%. The business had revenue of $4.06 billion for the quarter. research analysts expect that Santander Brasil will post 0.91 EPS for the current fiscal year.

The company also recently announced a special dividend, which was paid on Thursday, May 3rd. Stockholders of record on Thursday, April 12th were given a $0.0483 dividend. This represents a dividend yield of 6.92%. The ex-dividend date was Wednesday, April 11th. Santander Brasil’s dividend payout ratio (DPR) is currently 21.92%.

Santander Brasil Profile

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.

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

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