Banco Santander (Brasil) (NYSE:BSBR) Lowered to “Hold” Rating by StockNews.com

Banco Santander (Brasil) (NYSE:BSBR) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Separately, JPMorgan Chase & Co. raised Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $7.00 to $6.00 in a research note on Monday.

Banco Santander (Brasil) Trading Down 5.0 %

Shares of Banco Santander (Brasil) stock opened at $4.38 on Tuesday. Banco Santander has a fifty-two week low of $4.32 and a fifty-two week high of $6.66. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average of $4.93 and a 200 day moving average of $5.16.

Hedge Funds Weigh In On Banco Santander (Brasil)

Several institutional investors have recently bought and sold shares of BSBR. GAMMA Investing LLC boosted its holdings in shares of Banco Santander (Brasil) by 183.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after purchasing an additional 6,313 shares during the last quarter. Barclays PLC lifted its position in shares of Banco Santander (Brasil) by 221.4% in the third quarter. Barclays PLC now owns 12,428 shares of the bank’s stock worth $65,000 after buying an additional 8,561 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Banco Santander (Brasil) by 41.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after buying an additional 4,387 shares during the last quarter. Walleye Capital LLC bought a new position in Banco Santander (Brasil) during the third quarter valued at approximately $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Banco Santander (Brasil) by 68.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock valued at $99,000 after buying an additional 7,608 shares in the last quarter. 14.53% of the stock is owned by hedge funds and other institutional investors.

About Banco Santander (Brasil)

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 local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.