Wright Investors Service Inc. Takes $106,000 Position in Banco Santander Brasil SA (BSBR)

Wright Investors Service Inc. bought a new position in Banco Santander Brasil SA (NYSE:BSBR) in the third quarter, according to its most recent filing with the SEC. The firm bought 12,181 shares of the bank’s stock, valued at approximately $106,000.

A number of other hedge funds also recently added to or reduced their stakes in BSBR. Trexquant Investment LP purchased a new position in Banco Santander Brasil SA during the 2nd quarter worth approximately $119,000. Citigroup Inc. raised its position in Banco Santander Brasil SA by 3.7% during the 2nd quarter. Citigroup Inc. now owns 15,961 shares of the bank’s stock worth $120,000 after buying an additional 566 shares during the last quarter. Advisor Group Inc. raised its position in Banco Santander Brasil SA by 5.8% during the 2nd quarter. Advisor Group Inc. now owns 21,268 shares of the bank’s stock worth $120,000 after buying an additional 1,166 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Banco Santander Brasil SA by 135.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 18,793 shares of the bank’s stock worth $136,000 after buying an additional 10,800 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new position in Banco Santander Brasil SA during the 2nd quarter worth approximately $171,000. Institutional investors own 1.66% of the company’s stock.

The business also recently declared a special dividend, which will be paid on Thursday, November 2nd. Investors of record on Wednesday, October 11th will be issued a dividend of $0.0422 per share. The ex-dividend date is Tuesday, October 10th. This is an increase from Banco Santander Brasil SA’s previous special dividend of $0.04. Banco Santander Brasil SA’s dividend payout ratio (DPR) is currently 30.91%.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Banco Santander Brasil SA from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research report on Monday, October 16th. BidaskClub raised shares of Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. ValuEngine raised shares of Banco Santander Brasil SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co raised shares of Banco Santander Brasil SA from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $8.00 to $10.00 in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $14.50.

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About Banco Santander Brasil SA

Banco Santander (Brasil) SA (the Bank) is indirectly controlled by Banco Santander, SA, and is an institution of the Financial and Prudential Group. The Bank operates through two segments, Commercial Banking and Global Wholesale Banking. The Company conducts its operations by means of portfolios such as commercial, investment, lending and financing, mortgage lending, leasing, credit card operations and foreign exchange.

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

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