Rudolf Gschliffner Sells 11,507 Shares of Banco Santander Brasil (NYSE:BSBR) Stock

Banco Santander Brasil SA (NYSE:BSBR) insider Rudolf Gschliffner sold 11,507 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $5.73, for a total transaction of $65,935.11. Following the transaction, the insider directly owned 33,192 shares of the company’s stock, valued at $190,190.16. The trade was a 25.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Banco Santander Brasil Price Performance

Shares of Banco Santander Brasil stock traded down $0.07 during trading on Thursday, hitting $5.75. The company’s stock had a trading volume of 3,752,119 shares, compared to its average volume of 1,690,931. Banco Santander Brasil SA has a 52 week low of $4.94 and a 52 week high of $7.32. The stock has a 50-day moving average price of $5.44 and a two-hundred day moving average price of $5.77. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.29 and a current ratio of 1.29.

Banco Santander Brasil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Thursday, July 30th were given a $0.1045 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date was Thursday, July 30th.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group lowered Banco Santander Brasil from a “buy” rating to a “neutral” rating in a research note on Monday. Zacks Research lowered shares of Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a report on Friday, July 3rd. Weiss Ratings upgraded shares of Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Wall Street Zen downgraded shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, JPMorgan Chase & Co. cut shares of Banco Santander Brasil from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $6.50 to $6.00 in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $6.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BSBR. Empowered Funds LLC bought a new stake in shares of Banco Santander Brasil during the 4th quarter valued at about $9,772,000. Alpine Global Management LLC bought a new stake in Banco Santander Brasil in the fourth quarter worth approximately $4,735,000. Arrowstreet Capital Limited Partnership lifted its stake in Banco Santander Brasil by 17.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,957,288 shares of the bank’s stock valued at $16,531,000 after buying an additional 430,531 shares during the period. Millennium Management LLC boosted its holdings in shares of Banco Santander Brasil by 2,671.0% during the 3rd quarter. Millennium Management LLC now owns 326,451 shares of the bank’s stock worth $1,825,000 after buying an additional 314,670 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Banco Santander Brasil during the 4th quarter worth approximately $1,322,000. 14.53% of the stock is owned by institutional investors and hedge funds.

Banco Santander Brasil Company Profile

Banco Santander Brasil SA is the Brazilian unit of Spain-based Grupo Santander and one of the country’s major commercial banks. Headquartered in São Paulo, the bank serves a broad client base across Brazil through an integrated network of branches, ATMs and digital channels. Its shares are represented abroad via American Depositary Shares listed on the New York Stock Exchange under the ticker BSBR.

The bank offers a full range of financial products and services for retail, small and medium-sized enterprises, and corporate clients.