R Squared Ltd Invests $70,000 in Banco Santander (Brasil) S.A. (NYSE:BSBR)

R Squared Ltd bought a new stake in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,870 shares of the bank’s stock, valued at approximately $70,000.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Banco Santander (Brasil) by 11.5% in the second quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock worth $149,000 after buying an additional 3,098 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Banco Santander (Brasil) in the 2nd quarter worth approximately $575,000. Point72 Asset Management L.P. raised its stake in Banco Santander (Brasil) by 52.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 124,900 shares of the bank’s stock worth $617,000 after acquiring an additional 42,800 shares during the period. GAMMA Investing LLC lifted its holdings in Banco Santander (Brasil) by 183.6% during the third 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 in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Banco Santander (Brasil) by 107.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock worth $1,990,000 after purchasing an additional 196,141 shares during the period. Institutional investors own 14.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on BSBR shares. JPMorgan Chase & Co. upgraded shares of Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $7.00 to $6.00 in a research report on Monday, November 25th. StockNews.com lowered Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Bank of America downgraded Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 10th.

Banco Santander (Brasil) Trading Up 0.4 %

Shares of BSBR opened at $4.50 on Friday. The firm has a market cap of $16.75 billion, a P/E ratio of 5.49, a price-to-earnings-growth ratio of 0.25 and a beta of 1.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30. Banco Santander has a 1 year low of $3.75 and a 1 year high of $6.01. The company has a 50 day simple moving average of $4.13 and a two-hundred day simple moving average of $4.82.

Banco Santander (Brasil) Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Friday, January 24th will be paid a dividend of $0.066 per share. The ex-dividend date is Friday, January 24th. This represents a $0.26 annualized dividend and a yield of 5.86%. Banco Santander (Brasil)’s payout ratio is 24.39%.

Banco Santander (Brasil) 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.