Renaissance Technologies LLC purchased a new stake in Banco Santander Brasil SA (NYSE:BSBR) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 201,259 shares of the bank’s stock, valued at approximately $1,775,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Boston Partners bought a new position in Banco Santander Brasil SA during the first quarter valued at approximately $155,000. Comerica Bank raised 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 during the last quarter. Acadian Asset Management LLC raised its position 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 worth $13,520,000 after buying an additional 999,583 shares during the last quarter. Wells Fargo & Company MN raised its position 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 worth $864,000 after buying an additional 61,565 shares during 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 about $118,000. 0.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Banco Santander Brasil SA (NYSE BSBR) traded up 0.70% during midday trading on Monday, hitting $8.69. The stock had a trading volume of 94,688 shares. The firm has a 50-day moving average of $8.21 and a 200 day moving average of $8.80. The firm has a market cap of $32.60 billion, a PE ratio of 13.05 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 declared a None dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 7th will be paid a $0.036 dividend. This is a boost from Banco Santander Brasil SA’s previous None dividend of $0.04. The ex-dividend date of this dividend is Thursday, August 3rd. Banco Santander Brasil SA’s payout ratio is 29.55%.

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BSBR has been the topic of a number of recent analyst reports. Deutsche Bank AG raised Banco Santander Brasil SA from a “sell” rating to a “hold” rating and set a $8.00 target price on the stock in a research report on Thursday, April 27th. Zacks Investment Research lowered Banco Santander Brasil SA from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Bank of America Corporation raised Banco Santander Brasil SA from an “underperform” rating to a “neutral” rating and upped their target price for the company from $18.00 to $29.00 in a research report on Tuesday, May 2nd. HSBC Holdings plc raised Banco Santander Brasil SA from a “reduce” rating to a “hold” rating in a research report on Thursday, May 18th. Finally, J P Morgan Chase & Co raised Banco Santander Brasil SA from an “underweight” rating to a “neutral” rating and upped their target price for the company from $6.00 to $7.50 in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.47.

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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