Barclays PLC Acquires 8,561 Shares of Banco Santander (Brasil) S.A. (NYSE:BSBR)

Barclays PLC boosted its holdings in Banco Santander (Brasil) S.A. (NYSE:BSBR) by 221.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,428 shares of the bank’s stock after purchasing an additional 8,561 shares during the quarter. Barclays PLC’s holdings in Banco Santander (Brasil) were worth $65,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BSBR. Dimensional Fund Advisors LP boosted its position in shares of Banco Santander (Brasil) by 11.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock worth $149,000 after purchasing an additional 3,098 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Banco Santander (Brasil) by 41.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after purchasing an additional 4,387 shares during the last quarter. 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 acquiring an additional 6,313 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Banco Santander (Brasil) by 68.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after acquiring an additional 7,608 shares during the period. Finally, Walleye Capital LLC bought a new stake in Banco Santander (Brasil) during the third quarter valued at approximately $85,000. Institutional investors own 14.53% of the company’s stock.

Banco Santander (Brasil) Stock Performance

NYSE BSBR opened at $4.02 on Friday. 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 $6.44. The business has a 50 day simple moving average of $4.23 and a two-hundred day simple moving average of $4.90. The stock has a market capitalization of $14.96 billion, a PE ratio of 5.36, a P/E/G ratio of 0.28 and a beta of 1.01.

Analysts Set New Price Targets

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

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.