Checchi Capital Advisers LLC increased its stake in shares of Banco Santander Brasil SA (NYSE:BSBR) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 19,585 shares of the company’s stock after buying an additional 384 shares during the period. Checchi Capital Advisers LLC’s holdings in Banco Santander Brasil SA were worth $112,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in shares of Banco Santander Brasil SA during the second quarter valued at $4,831,000. Royal Bank of Canada boosted its stake in shares of Banco Santander Brasil SA by 6.9% in the first quarter. Royal Bank of Canada now owns 60,320 shares of the company’s stock valued at $279,000 after buying an additional 3,874 shares during the last quarter. Finally, Ngam Advisors L.P. boosted its stake in shares of Banco Santander Brasil SA by 2.0% in the first quarter. Ngam Advisors L.P. now owns 98,877 shares of the company’s stock valued at $460,000 after buying an additional 1,933 shares during the last quarter.

Shares of Banco Santander Brasil SA (NYSE:BSBR) traded down 1.06% on Friday, reaching $6.55. The company’s stock had a trading volume of 1,117,596 shares. The company has a market cap of $24.61 billion and a P/E ratio of 11.65. The company’s 50 day moving average price is $6.73 and its 200 day moving average price is $5.47. Banco Santander Brasil SA has a 12-month low of $2.96 and a 12-month high of $7.19.

The business also recently disclosed a dividend, which was paid on Friday, September 2nd. Stockholders of record on Monday, July 11th were issued a $0.035 dividend. The ex-dividend date of this dividend was Thursday, July 7th.

Several brokerages recently commented on BSBR. Deutsche Bank AG lowered Banco Santander Brasil SA from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. UBS AG restated a “neutral” rating on shares of Banco Santander Brasil SA in a research report on Thursday, September 8th. Zacks Investment Research upgraded Banco Santander Brasil SA from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research report on Thursday, June 9th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Banco Santander Brasil SA in a research report on Friday, August 5th. Finally, Barclays PLC restated an “equal weight” rating on shares of Banco Santander Brasil SA in a research report on Thursday, June 23rd. Five analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.86.

Banco Santander Brasil SA Company Profile

Banco Santander (Brasil) SA (Santander Brasil) is indirectly controlled by Banco Santander, SA, and is an institution of the financial and non-financial group. The Bank operates as a multiple bank. The Bank operates through two segments: Commercial Banking and Global Wholesale Banking. The Commercial Banking segment encompasses the entire commercial banking business (except for the Corporate Banking business managed globally using the Global Relationship Model).

5 Day Chart for NYSE:BSBR

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