Banco Santander (Brasil) (NYSE:BSBR) Upgraded to Neutral at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Banco Santander (Brasil) (NYSE:BSBR) from a sell rating to a neutral rating in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has $4.70 price target on the bank’s stock, up from their previous price target of $4.20.

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

Banco Santander (Brasil) Stock Up 5.5 %

Shares of BSBR opened at $4.74 on Wednesday. Banco Santander has a 52 week low of $3.75 and a 52 week high of $6.01. The stock has a 50 day moving average price of $4.18 and a two-hundred day moving average price of $4.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Friday, January 24th will be given a dividend of $0.066 per share. This represents a $0.26 annualized dividend and a dividend yield of 5.57%. The ex-dividend date is Friday, January 24th.

Hedge Funds Weigh In On Banco Santander (Brasil)

Institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership increased its stake in shares of Banco Santander (Brasil) by 2.7% during the 4th 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 last quarter. Wellington Management Group LLP increased its position in Banco Santander (Brasil) by 49.2% in the third quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after buying an additional 375,364 shares during the last quarter. Marshall Wace LLP increased its position in Banco Santander (Brasil) by 35.1% in the fourth quarter. Marshall Wace LLP now owns 750,403 shares of the bank’s stock worth $2,934,000 after buying an additional 194,984 shares during the last quarter. American Century Companies Inc. raised its stake 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 valued at $2,146,000 after buying an additional 53,542 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Banco Santander (Brasil) by 107.6% during 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. 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.