Creative Planning Buys 20,837 Shares of Banco Santander (Brasil) S.A. (NYSE:BSBR)

Posted by on Oct 26th, 2023

Creative Planning grew its position in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR – Free Report) by 181.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,302 shares of the bank’s stock after buying an additional 20,837 shares during the quarter. Creative Planning’s holdings in Banco Santander (Brasil) were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of Banco Santander (Brasil) by 2,783.2% during the first quarter. Invesco Ltd. now owns 5,313,671 shares of the bank’s stock valued at $40,915,000 after purchasing an additional 5,129,375 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Banco Santander (Brasil) by 0.4% in the second quarter. Macquarie Group Ltd. now owns 3,983,489 shares of the bank’s stock worth $21,869,000 after acquiring an additional 17,812 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Banco Santander (Brasil) by 0.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,438,984 shares of the bank’s stock worth $18,261,000 after acquiring an additional 19,445 shares during the period. BlackRock Inc. grew its holdings in shares of Banco Santander (Brasil) by 10.0% in the first quarter. BlackRock Inc. now owns 2,170,278 shares of the bank’s stock worth $16,712,000 after acquiring an additional 198,058 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Banco Santander (Brasil) by 18.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,123,559 shares of the bank’s stock worth $8,651,000 after acquiring an additional 178,833 shares during the period. Hedge funds and other institutional investors own 14.56% of the company’s stock.

Banco Santander (Brasil) Price Performance

NYSE BSBR opened at $5.37 on Thursday. Banco Santander has a 12 month low of $4.76 and a 12 month high of $6.64. The stock’s 50 day moving average is $5.33 and its 200 day moving average is $5.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.02 and a quick ratio of 0.02.

Banco Santander (Brasil) Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 23rd will be issued a dividend of $0.0202 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, October 20th.

Analyst Ratings Changes

A number of brokerages recently commented on BSBR. StockNews.com began coverage on Banco Santander (Brasil) in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Jefferies Financial Group began coverage on shares of Banco Santander (Brasil) in a report on Monday, October 16th. They issued a “hold” rating and a $5.70 target price for the company. Finally, Barclays increased their target price on shares of Banco Santander (Brasil) from $5.00 to $5.50 and gave the stock an “underweight” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $5.40.

Get Our Latest Analysis on Banco Santander (Brasil)

About Banco Santander (Brasil)

(Free Report)

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through, Commercial Banking and Global Wholesale Banking segments. It offers deposits and other bank funding instruments; debit and credit cards; digital prepaid solutions; payment platform; loyalty programs; employee benefit vouchers; payroll loans; digital lending and online debt renegotiation platform; mortgages; home equity financing products; consumer credit; and local loans, commercial and trade finance, guarantees, structured loans, and cash management and funding solutions, as well as on-lending transfer services.

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

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