Navellier & Associates Inc lowered its stake in Banco Santander Brasil SA (NYSE:BSBR) by 52.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 207,431 shares of the bank’s stock after selling 228,581 shares during the quarter. Navellier & Associates Inc’s holdings in Banco Santander Brasil SA were worth $1,562,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Citigroup Inc. grew its stake in Banco Santander Brasil SA by 3.7% in the 2nd quarter. Citigroup Inc. now owns 15,961 shares of the bank’s stock valued at $120,000 after acquiring an additional 566 shares during the period. Advisor Group Inc. grew its stake in Banco Santander Brasil SA by 5.8% in the 2nd quarter. Advisor Group Inc. now owns 21,268 shares of the bank’s stock valued at $120,000 after acquiring an additional 1,166 shares during the period. Oppenheimer & Co. Inc. grew its stake in Banco Santander Brasil SA by 14.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 39,282 shares of the bank’s stock valued at $296,000 after acquiring an additional 4,810 shares during the period. Caxton Associates LP grew its stake in Banco Santander Brasil SA by 11.9% in the 2nd quarter. Caxton Associates LP now owns 47,000 shares of the bank’s stock valued at $354,000 after acquiring an additional 4,997 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in Banco Santander Brasil SA by 20.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 37,851 shares of the bank’s stock valued at $285,000 after acquiring an additional 6,482 shares during the period. 1.66% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Banco Santander Brasil SA (BSBR) Shares Sold by Navellier & Associates Inc” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.watchlistnews.com/banco-santander-brasil-sa-bsbr-shares-sold-by-navellier-associates-inc/1636807.html.

A number of equities research analysts recently issued reports on BSBR shares. BidaskClub raised shares of Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Citigroup Inc. raised shares of Banco Santander Brasil SA from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 4th. ValuEngine raised shares of Banco Santander Brasil SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research cut shares of Banco Santander Brasil SA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Banco Santander Brasil SA has an average rating of “Buy” and a consensus price target of $13.88.

Shares of Banco Santander Brasil SA (NYSE BSBR) traded down 1.95% during midday trading on Tuesday, reaching $9.57. 536,886 shares of the company’s stock traded hands. The stock’s 50 day moving average is $9.04 and its 200-day moving average is $8.34. Banco Santander Brasil SA has a 52 week low of $6.86 and a 52 week high of $11.75. The company has a market capitalization of $35.90 billion, a PE ratio of 14.50 and a beta of 1.56.

The company also recently announced a special dividend, which will be paid on Thursday, November 2nd. Shareholders of record on Wednesday, October 11th will be issued a $0.0422 dividend. This is a positive change from Banco Santander Brasil SA’s previous special dividend of $0.04. The ex-dividend date is Tuesday, October 10th. Banco Santander Brasil SA’s dividend payout ratio is 30.91%.

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.

Want to see what other hedge funds are holding BSBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander Brasil SA (NYSE:BSBR).

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

Receive News & Ratings for Banco Santander Brasil SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander Brasil SA and related companies with Analyst Ratings Network's FREE daily email newsletter.