Savant Capital LLC Acquires Shares of 22,507 Banco Santander Brasil SA $BSBR

Savant Capital LLC acquired a new stake in Banco Santander Brasil SA (NYSE:BSBR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,507 shares of the bank’s stock, valued at approximately $123,000.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. grew its stake in Banco Santander Brasil by 11.9% in the 1st quarter. American Century Companies Inc. now owns 614,264 shares of the bank’s stock valued at $2,893,000 after buying an additional 65,333 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Banco Santander Brasil by 74.0% during the first quarter. Wellington Management Group LLP now owns 1,606,117 shares of the bank’s stock worth $7,565,000 after acquiring an additional 683,045 shares during the period. Cordatus Wealth Management LLC bought a new stake in shares of Banco Santander Brasil during the first quarter worth approximately $611,000. XTX Topco Ltd acquired a new position in shares of Banco Santander Brasil in the first quarter valued at approximately $87,000. Finally, GAMMA Investing LLC increased its stake in shares of Banco Santander Brasil by 27.5% during the second quarter. GAMMA Investing LLC now owns 20,256 shares of the bank’s stock worth $110,000 after purchasing an additional 4,372 shares during the period. Institutional investors and hedge funds own 14.53% of the company’s stock.

Banco Santander Brasil Trading Down 1.9%

Shares of NYSE BSBR opened at $6.08 on Friday. The stock’s fifty day moving average is $5.62 and its 200 day moving average is $5.32. Banco Santander Brasil SA has a 52 week low of $3.75 and a 52 week high of $6.43. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.37 and a current ratio of 1.37.

Banco Santander Brasil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Thursday, October 23rd were issued a $0.0983 dividend. The ex-dividend date of this dividend was Thursday, October 23rd. This represents a $0.39 annualized dividend and a yield of 6.5%. This is an increase from Banco Santander Brasil’s previous quarterly dividend of $0.07.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BSBR shares. The Goldman Sachs Group downgraded Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Wall Street Zen raised shares of Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Banco Santander Brasil in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Banco Santander Brasil currently has an average rating of “Hold” and an average price target of $5.35.

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.