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

Wellington Management Group LLP reduced its holdings in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) by 18.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 923,072 shares of the bank's stock after selling 214,874 shares during the period. Wellington Management Group LLP's holdings in Banco Santander (Brasil) were worth $3,609,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in Banco Santander (Brasil) by 2.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,931,201 shares of the bank's stock worth $7,551,000 after purchasing an additional 51,542 shares during the period. American Century Companies Inc. grew its holdings in shares of Banco Santander (Brasil) by 10.8% in the fourth quarter. American Century Companies Inc. now owns 548,931 shares of the bank's stock worth $2,146,000 after purchasing an additional 53,542 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Banco Santander (Brasil) by 290.9% in the 4th quarter. JPMorgan Chase & Co. now owns 118,916 shares of the bank's stock worth $465,000 after buying an additional 88,497 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Banco Santander (Brasil) during the 3rd quarter valued at about $277,000. Finally, BNP Paribas Financial Markets boosted its position in Banco Santander (Brasil) by 186.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 42,558 shares of the bank's stock valued at $224,000 after buying an additional 27,675 shares during the period. Hedge funds and other institutional investors own 14.53% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BSBR shares. StockNews.com lowered shares of Banco Santander (Brasil) from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. The Goldman Sachs Group raised Banco Santander (Brasil) from a "sell" rating to a "neutral" rating and lifted their target price for the company from $4.20 to $4.70 in a research report on Wednesday, February 12th.

Banco Santander (Brasil) Stock Up 0.5 %

Shares of NYSE:BSBR traded up $0.03 on Tuesday, reaching $4.63. The company had a trading volume of 572,360 shares, compared to its average volume of 490,451. Banco Santander has a 52-week low of $3.75 and a 52-week high of $6.01. The firm's 50 day simple moving average is $4.61 and its 200-day simple moving average is $4.53. The firm has a market capitalization of $17.21 billion, a PE ratio of 5.71, a PEG ratio of 0.73 and a beta of 0.66. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25.

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.