Russell Investments Group Ltd. increased its position in Banco Santander Brasil SA (NYSE:BSBR) by 320.4% during the second quarter, Holdings Channel reports. The institutional investor owned 1,834,863 shares of the bank’s stock after buying an additional 1,398,358 shares during the period. Russell Investments Group Ltd.’s holdings in Banco Santander Brasil SA were worth $13,816,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in BSBR. State Street Corp boosted its position in Banco Santander Brasil SA by 3.8% in the fourth quarter. State Street Corp now owns 1,044,976 shares of the bank’s stock worth $9,288,000 after buying an additional 38,391 shares in the last quarter. Profund Advisors LLC bought a new position in Banco Santander Brasil SA during the first quarter worth about $300,000. Acadian Asset Management LLC boosted its position in Banco Santander Brasil SA by 187.4% in the first quarter. Acadian Asset Management LLC now owns 1,532,911 shares of the bank’s stock worth $13,520,000 after buying an additional 999,583 shares in the last quarter. Wells Fargo & Company MN boosted its position in Banco Santander Brasil SA by 168.8% in the first quarter. Wells Fargo & Company MN now owns 98,044 shares of the bank’s stock worth $864,000 after buying an additional 61,565 shares in the last quarter. Finally, Boston Partners bought a new position in Banco Santander Brasil SA during the first quarter worth about $155,000. Institutional investors and hedge funds own 0.88% of the company’s stock.

Banco Santander Brasil SA (NYSE BSBR) traded up 3.25% during midday trading on Friday, reaching $8.59. 581,147 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $8.02 and a 200-day moving average of $8.85. The stock has a market cap of $32.22 billion, a PE ratio of 12.78 and a beta of 1.55. Banco Santander Brasil SA has a 12 month low of $6.40 and a 12 month high of $11.75.

The business also recently disclosed a None dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be paid a dividend of $0.036 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This is an increase from Banco Santander Brasil SA’s previous None dividend of $0.04. Banco Santander Brasil SA’s payout ratio is 29.55%.

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BSBR has been the subject of a number of research analyst reports. Credit Suisse Group upgraded shares of Banco Santander Brasil SA from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 18th. Deutsche Bank AG raised shares of Banco Santander Brasil SA from a “sell” rating to a “hold” rating and set a $8.00 target price on the stock in a report on Thursday, April 27th. Zacks Investment Research lowered shares of Banco Santander Brasil SA from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Bank of America Corporation raised shares of Banco Santander Brasil SA from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $18.00 to $29.00 in a report on Tuesday, May 2nd. Finally, HSBC Holdings plc raised shares of Banco Santander Brasil SA from a “reduce” rating to a “hold” rating in a report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $12.22.

Banco Santander Brasil SA Company Profile

Banco Santander (Brasil) SA (the Bank) is indirectly controlled by Banco Santander, SA, and is an institution of the Financial and Prudential Group. The Bank operates through two segments, Commercial Banking and Global Wholesale Banking. The Company conducts its operations by means of portfolios such as commercial, investment, lending and financing, mortgage lending, leasing, credit card operations and foreign exchange.

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Institutional Ownership by Quarter for Banco Santander Brasil SA (NYSE:BSBR)

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