StockNews.com Upgrades Banco Santander (Brasil) (NYSE:BSBR) to Buy

Banco Santander (Brasil) ( NYSE:BSBR – Get Free Report ) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday. Banco Santander (Brasil) Price Performance Shares of Banco Santander (Brasil) stock opened at $4.

41 on Monday. The company has a current ratio of 0.30, a quick ratio of 0.



30 and a debt-to-equity ratio of 0.25. Banco Santander has a 12 month low of $4.

39 and a 12 month high of $6.66. The business’s 50-day moving average price is $5.

06 and its 200-day moving average price is $5.21. Institutional Investors Weigh In On Banco Santander (Brasil) Institutional investors have recently added to or reduced their stakes in the company.

Wellington Management Group LLP lifted its holdings in Banco Santander (Brasil) by 49.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after buying an additional 375,364 shares during the period.

Marshall Wace LLP raised its holdings in shares of Banco Santander (Brasil) by 44.0% during the second quarter. Marshall Wace LLP now owns 1,099,003 shares of the bank’s stock valued at $5,429,000 after acquiring an additional 335,915 shares in the last quarter.

American Century Companies Inc. lifted its stake in Banco Santander (Brasil) by 8.5% in the second quarter.

American Century Companies Inc. now owns 409,483 shares of the bank’s stock worth $2,023,000 after acquiring an additional 32,238 shares during the period. Robeco Institutional Asset Management B.

V. boosted its holdings in 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 valued at $1,990,000 after acquiring an additional 196,141 shares in the last quarter.

Finally, Point72 Asset Management L.P. increased its position in Banco Santander (Brasil) by 43.

7% during the 3rd quarter. Point72 Asset Management L.P.

now owns 179,500 shares of the bank’s stock valued at $944,000 after purchasing an additional 54,600 shares during the period. Hedge funds and other institutional investors own 14.53% of the company’s stock.

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.

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