Vanguard Group Inc. boosted its position in Banco Santander Brasil SA (NYSE:BSBR) by 10.7% during the first quarter, Holdings Channel reports. The fund owned 5,411,354 shares of the bank’s stock after buying an additional 521,752 shares during the period. Vanguard Group Inc.’s holdings in Banco Santander Brasil SA were worth $47,728,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of BSBR. State Street Corp increased its stake in shares of 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 valued at $9,288,000 after buying an additional 38,391 shares in the last quarter. Profund Advisors LLC bought a new stake in shares of Banco Santander Brasil SA during the first quarter valued at about $300,000. Acadian Asset Management LLC increased its stake in shares of 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 valued at $13,520,000 after buying an additional 999,583 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of 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 valued at $864,000 after buying an additional 61,565 shares in the last quarter. Finally, Boston Partners bought a new stake in shares of Banco Santander Brasil SA during the first quarter valued at about $155,000. Institutional investors own 0.88% of the company’s stock.

Banco Santander Brasil SA (NYSE BSBR) traded up 1.68% during trading on Friday, reaching $8.46. The company had a trading volume of 218,256 shares. The company has a 50-day moving average price of $8.02 and a 200 day moving average price of $8.85. Banco Santander Brasil SA has a 52-week low of $6.40 and a 52-week high of $11.75. The stock has a market cap of $31.74 billion, a PE ratio of 12.59 and a beta of 1.55.

The firm also recently announced a None dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be given a $0.036 dividend. The ex-dividend date is Thursday, August 3rd. This is a boost from Banco Santander Brasil SA’s previous None dividend of $0.04. Banco Santander Brasil SA’s dividend payout ratio (DPR) is 29.55%.

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Several analysts have recently issued reports on BSBR shares. ValuEngine upgraded Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Banco Santander Brasil SA from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research report on Tuesday, May 23rd. BidaskClub upgraded Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Deutsche Bank AG upgraded Banco Santander Brasil SA from a “sell” rating to a “hold” rating and set a $8.00 price objective on the stock in a research report on Thursday, April 27th. Finally, HSBC Holdings plc upgraded Banco Santander Brasil SA from a “reduce” rating to a “hold” rating in a research report on Thursday, May 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.22.

About Banco Santander Brasil SA

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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