Harel Insurance Investments & Financial Services Ltd. boosted its position in Banco Santander Brasil SA (NYSE:BSBR) by 135.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,793 shares of the bank’s stock after buying an additional 10,800 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Banco Santander Brasil SA were worth $136,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GRATRY & Co LLC boosted its position in shares of Banco Santander Brasil SA by 8.4% in the first quarter. GRATRY & Co LLC now owns 29,265 shares of the bank’s stock worth $258,000 after buying an additional 2,260 shares in the last quarter. Comerica Bank boosted its position in shares of Banco Santander Brasil SA by 1.3% in the first quarter. Comerica Bank now owns 222,241 shares of the bank’s stock worth $1,860,000 after buying an additional 2,882 shares in the last quarter. 1st Global Advisors Inc. boosted its position in shares of Banco Santander Brasil SA by 4.6% in the first quarter. 1st Global Advisors Inc. now owns 74,225 shares of the bank’s stock worth $655,000 after buying an additional 3,286 shares in the last quarter. World Asset Management Inc boosted its position in shares of Banco Santander Brasil SA by 1.4% in the first quarter. World Asset Management Inc now owns 241,079 shares of the bank’s stock worth $2,126,000 after buying an additional 3,387 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of Banco Santander Brasil SA during the first quarter worth approximately $118,000. 0.88% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Brasil SA (BSBR) opened at 8.54 on Friday. The company has a market cap of $32.04 billion, a PE ratio of 12.71 and a beta of 1.55. The stock has a 50 day moving average of $8.05 and a 200-day moving average of $8.84. Banco Santander Brasil SA has a 1-year low of $6.40 and a 1-year high of $11.75.

The company also recently declared a None dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be issued 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 dividend payout ratio is 29.55%.

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