Banco Santander Brasil SA (NYSE:BSBR) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

BSBR has been the subject of a number of other research reports. Citigroup Inc. raised Banco Santander Brasil SA from a “sell” rating to a “neutral” rating in a report on Tuesday, July 4th. BidaskClub upgraded Banco Santander Brasil SA from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Zacks Investment Research lowered Banco Santander Brasil SA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Banco Santander Brasil SA has an average rating of “Hold” and an average price target of $13.56.

Banco Santander Brasil SA (NYSE:BSBR) traded up 0.11% during midday trading on Monday, reaching $8.75. 1,419,475 shares of the company’s stock traded hands. The company has a market cap of $32.82 billion, a P/E ratio of 13.26 and a beta of 1.56. Banco Santander Brasil SA has a 52-week low of $6.66 and a 52-week high of $11.75. The stock has a 50-day moving average of $8.89 and a 200 day moving average of $8.38.

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Several large investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Banco Santander Brasil SA by 73.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 9,351,744 shares of the bank’s stock worth $70,419,000 after buying an additional 3,960,380 shares in the last quarter. Numeric Investors LLC lifted its stake in shares of Banco Santander Brasil SA by 497.3% in the 2nd quarter. Numeric Investors LLC now owns 7,813,307 shares of the bank’s stock valued at $58,834,000 after acquiring an additional 6,505,126 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Banco Santander Brasil SA by 13.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,158,527 shares of the bank’s stock valued at $46,374,000 after acquiring an additional 747,173 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Banco Santander Brasil SA by 236.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,862,453 shares of the bank’s stock valued at $44,144,000 after acquiring an additional 4,119,776 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of Banco Santander Brasil SA by 2,533.2% during the 2nd quarter. Macquarie Group Ltd. now owns 3,307,300 shares of the bank’s stock valued at $24,905,000 after acquiring an additional 3,181,700 shares in the last quarter. Institutional investors own 1.66% of the company’s stock.

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.

Analyst Recommendations for Banco Santander Brasil SA (NYSE:BSBR)

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