Panagora Asset Management Inc. bought a new position in shares of Banco Santander Brasil SA (NYSE:BSBR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 510,876 shares of the bank’s stock, valued at approximately $4,501,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Aperio Group LLC increased its position in shares of Banco Santander Brasil by 19.1% during the 2nd quarter. Aperio Group LLC now owns 253,935 shares of the bank’s stock valued at $1,905,000 after purchasing an additional 40,675 shares during the last quarter. Sei Investments Co. increased its position in shares of Banco Santander Brasil by 16.6% during the 2nd quarter. Sei Investments Co. now owns 63,957 shares of the bank’s stock valued at $480,000 after purchasing an additional 9,102 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Banco Santander Brasil by 2.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,701,340 shares of the bank’s stock valued at $12,724,000 after purchasing an additional 35,290 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Banco Santander Brasil during the 2nd quarter valued at about $625,000. Finally, American Century Companies Inc. increased its position in shares of Banco Santander Brasil by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 173,574 shares of the bank’s stock valued at $1,302,000 after purchasing an additional 10,505 shares during the last quarter. 1.04% of the stock is currently owned by institutional investors.
Several brokerages have recently commented on BSBR. Zacks Investment Research upgraded Banco Santander Brasil from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. ValuEngine upgraded Banco Santander Brasil from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. Finally, Morgan Stanley upgraded Banco Santander Brasil from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 9th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.00.
Shares of Banco Santander Brasil stock opened at $11.17 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a market cap of $42.33 billion, a PE ratio of 15.30, a PEG ratio of 1.07 and a beta of 1.00. Banco Santander Brasil SA has a 12 month low of $7.20 and a 12 month high of $12.25.
Banco Santander Brasil (NYSE:BSBR) last issued its earnings results on Wednesday, October 31st. The bank reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $3.90 billion during the quarter. Banco Santander Brasil had a return on equity of 12.58% and a net margin of 13.00%. Research analysts forecast that Banco Santander Brasil SA will post 0.87 EPS for the current year.
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Banco 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.
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