Bailard Inc. Sells 32,600 Shares of Banco Santander Brasil SA (BSBR)

Bailard Inc. reduced its position in Banco Santander Brasil SA (NYSE:BSBR) by 19.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 136,700 shares of the bank’s stock after selling 32,600 shares during the period. Bailard Inc.’s holdings in Banco Santander Brasil were worth $1,521,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Advisors Preferred LLC purchased a new position in Banco Santander Brasil in the 4th quarter valued at about $47,000. Quadrant Capital Group LLC bought a new position in shares of Banco Santander Brasil during the fourth quarter worth about $101,000. Mackenzie Financial Corp bought a new position in shares of Banco Santander Brasil during the third quarter worth about $102,000. Rehmann Capital Advisory Group lifted its position in shares of Banco Santander Brasil by 878.0% during the third quarter. Rehmann Capital Advisory Group now owns 13,135 shares of the bank’s stock worth $1,491,000 after purchasing an additional 11,792 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new position in shares of Banco Santander Brasil during the third quarter worth about $132,000. 1.03% of the stock is owned by institutional investors.

Shares of BSBR stock opened at $12.87 on Tuesday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.11. Banco Santander Brasil SA has a one year low of $7.20 and a one year high of $13.73. The stock has a market cap of $49.12 billion, a PE ratio of 17.63, a P/E/G ratio of 0.97 and a beta of 0.97.

The firm also recently announced a special dividend, which will be paid on Tuesday, March 5th. Shareholders of record on Wednesday, January 9th will be issued a $0.1327 dividend. The ex-dividend date is Tuesday, January 8th. This is a boost from Banco Santander Brasil’s previous special dividend of $0.04. Banco Santander Brasil’s dividend payout ratio (DPR) is currently 34.25%.

Several brokerages have recently commented on BSBR. Zacks Investment Research cut shares of Banco Santander Brasil from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. Morgan Stanley raised shares of Banco Santander Brasil from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 9th. Finally, HSBC cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.50.

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Banco Santander Brasil Company Profile

Banco Santander (Brasil) SA provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services.

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Want to see what other hedge funds are holding BSBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander Brasil SA (NYSE:BSBR).

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

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