StockNews.com Downgrades Banco Santander (Brasil) (NYSE:BSBR) to Hold

StockNews.com downgraded shares of Banco Santander (Brasil) (NYSE:BSBR - Free Report) from a buy rating to a hold rating in a research report released on Tuesday.

Separately, JPMorgan Chase & Co. upgraded shares of Banco Santander (Brasil) from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $7.00 to $6.00 in a report on Monday.

Banco Santander (Brasil) Price Performance

NYSE BSBR traded up $0.02 during trading hours on Tuesday, hitting $4.61. The company's stock had a trading volume of 397,935 shares, compared to its average volume of 448,418. The stock has a fifty day moving average of $4.97 and a 200 day moving average of $5.18. 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 has a twelve month low of $4.32 and a twelve month high of $6.66.

Banco Santander (Brasil) Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were given a dividend of $0.0714 per share. This represents a $0.29 annualized dividend and a dividend yield of 6.20%. The ex-dividend date was Monday, October 21st.

Institutional Investors Weigh In On Banco Santander (Brasil)

Several large investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in shares of Banco Santander (Brasil) by 49.2% during the third quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank's stock worth $5,986,000 after acquiring an additional 375,364 shares in the last quarter. Marshall Wace LLP increased its position in shares of Banco Santander (Brasil) by 44.0% during the second quarter. Marshall Wace LLP now owns 1,099,003 shares of the bank's stock worth $5,429,000 after acquiring an additional 335,915 shares in the last quarter. American Century Companies Inc. increased its position in shares of Banco Santander (Brasil) by 8.5% during the second quarter. American Century Companies Inc. now owns 409,483 shares of the bank's stock worth $2,023,000 after acquiring an additional 32,238 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Banco Santander (Brasil) by 107.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank's stock worth $1,990,000 after acquiring an additional 196,141 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Banco Santander (Brasil) by 43.7% during the third quarter. Point72 Asset Management L.P. now owns 179,500 shares of the bank's stock worth $944,000 after acquiring an additional 54,600 shares in the last quarter. Institutional investors own 14.53% of the company's stock.

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.