Brooklyn Investment Group Purchases Shares of 15,134 Banco Santander Brasil SA $BSBR

Brooklyn Investment Group acquired a new position in shares of Banco Santander Brasil SA (NYSE:BSBR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,134 shares of the bank’s stock, valued at approximately $71,000.

Several other large investors also recently modified their holdings of the company. Signaturefd LLC boosted its stake in Banco Santander Brasil by 25.2% during the first quarter. Signaturefd LLC now owns 9,872 shares of the bank’s stock worth $46,000 after acquiring an additional 1,986 shares in the last quarter. Drive Wealth Management LLC bought a new position in shares of Banco Santander Brasil in the first quarter valued at $62,000. May Hill Capital LLC purchased a new stake in shares of Banco Santander Brasil in the first quarter valued at about $63,000. Checchi Capital Advisers LLC purchased a new stake in shares of Banco Santander Brasil in the first quarter valued at about $70,000. Finally, GAMMA Investing LLC increased its holdings in Banco Santander Brasil by 89.8% during the first quarter. GAMMA Investing LLC now owns 15,884 shares of the bank’s stock worth $75,000 after buying an additional 7,514 shares during the last quarter. 14.53% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Brasil Stock Up 3.8%

Shares of NYSE BSBR opened at $5.0250 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 3.28. Banco Santander Brasil SA has a 52 week low of $3.75 and a 52 week high of $5.77. The firm’s fifty day moving average is $5.07 and its 200 day moving average is $4.93. The company has a market cap of $18.70 billion, a price-to-earnings ratio of 6.20, a PEG ratio of 0.62 and a beta of 0.73.

Banco Santander Brasil Increases Dividend

The company also recently announced a dividend, which was paid on Monday, August 18th. Investors of record on Tuesday, July 22nd were paid a $0.0655 dividend. The ex-dividend date of this dividend was Monday, July 21st. This is a positive change from Banco Santander Brasil’s previous dividend of $0.05. This represents a dividend yield of 526.0%. Banco Santander Brasil’s payout ratio is presently 33.33%.

Analysts Set New Price Targets

A number of analysts recently issued reports on BSBR shares. UBS Group upgraded shares of Banco Santander Brasil from a “neutral” rating to a “buy” rating in a report on Wednesday, June 11th. Wall Street Zen lowered shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.35.

Banco Santander Brasil Company Profile

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.