Wellington Management Group LLP Raises Stake in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Wellington Management Group LLP lifted its holdings in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) by 49.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,137,946 shares of the bank's stock after acquiring an additional 375,364 shares during the quarter. Wellington Management Group LLP's holdings in Banco Santander (Brasil) were worth $5,986,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in Banco Santander (Brasil) in the second quarter worth $575,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Banco Santander (Brasil) by 68.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank's stock worth $99,000 after acquiring an additional 7,608 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake 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 acquiring an additional 196,141 shares during the period. American Century Companies Inc. lifted its holdings in Banco Santander (Brasil) by 8.5% during the second quarter. American Century Companies Inc. now owns 409,483 shares of the bank's stock valued at $2,023,000 after purchasing an additional 32,238 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Banco Santander (Brasil) by 41.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank's stock worth $71,000 after purchasing an additional 4,387 shares during the period. 14.53% of the stock is currently owned by institutional investors.

Banco Santander (Brasil) Price Performance

Shares of BSBR traded up $0.08 during mid-day trading on Tuesday, reaching $4.04. 527,632 shares of the stock traded hands, compared to its average volume of 453,852. 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 1 year low of $3.89 and a 1 year high of $6.66. The company has a market cap of $15.02 billion, a price-to-earnings ratio of 5.27, a price-to-earnings-growth ratio of 0.28 and a beta of 1.02. The firm has a fifty day moving average price of $4.64 and a 200 day moving average price of $5.05.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, October 21st were paid a $0.0714 dividend. The ex-dividend date was Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a yield of 7.08%. Banco Santander (Brasil)'s dividend payout ratio is currently 4.00%.

Wall Street Analysts Forecast Growth

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

About Banco Santander (Brasil)

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.