Verition Fund Management LLC Makes New Investment in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Verition Fund Management LLC bought a new stake in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 19,208 shares of the bank’s stock, valued at approximately $101,000.

Other hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Banco Santander (Brasil) during the second quarter valued at approximately $575,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Banco Santander (Brasil) by 68.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after buying an additional 7,608 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Banco Santander (Brasil) by 107.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock valued at $1,990,000 after buying an additional 196,141 shares during the last quarter. American Century Companies Inc. boosted its holdings in Banco Santander (Brasil) by 8.5% in the second quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock valued at $2,023,000 after acquiring an additional 32,238 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Banco Santander (Brasil) by 41.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after purchasing an additional 4,387 shares during the last quarter. Institutional investors own 14.53% of the company’s stock.

Banco Santander (Brasil) Trading Down 2.2 %

Shares of Banco Santander (Brasil) stock opened at $3.95 on Tuesday. The company has a market capitalization of $14.70 billion, a P/E ratio of 5.27, a price-to-earnings-growth ratio of 0.28 and a beta of 1.02. The stock has a fifty day simple moving average of $4.64 and a 200 day simple moving average of $5.05. Banco Santander has a 12-month low of $3.93 and a 12-month high of $6.66. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25.

Banco Santander (Brasil) Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were given a $0.0714 dividend. This represents a $0.29 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend was Monday, October 21st. Banco Santander (Brasil)’s dividend payout ratio (DPR) is presently 4.00%.

Analyst Ratings Changes

BSBR has been the topic of several recent research reports. Bank of America downgraded Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised shares of Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $7.00 to $6.00 in a research report on Monday, November 25th. Finally, StockNews.com cut shares of Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th.

Banco Santander (Brasil) Company Profile

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through Commercial Banking and Global Wholesale Banking segments. It offers local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.