State Street Corp boosted its position in Banco Santander Brasil SA (NYSE:BSBR) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 804,077 shares of the bank’s stock after acquiring an additional 9,652 shares during the quarter. State Street Corp’s holdings in Banco Santander Brasil were worth $6,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Numeric Investors LLC lifted its stake in shares of Banco Santander Brasil by 497.3% during the second quarter. Numeric Investors LLC now owns 7,813,307 shares of the bank’s stock worth $58,834,000 after purchasing an additional 6,505,126 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Banco Santander Brasil by 236.4% during the second quarter. Goldman Sachs Group Inc. now owns 5,862,453 shares of the bank’s stock worth $44,144,000 after purchasing an additional 4,119,776 shares in the last quarter. Macquarie Group Ltd. lifted its stake in shares of Banco Santander Brasil by 2,533.2% during the second quarter. Macquarie Group Ltd. now owns 3,307,300 shares of the bank’s stock worth $24,905,000 after purchasing an additional 3,181,700 shares in the last quarter. Discovery Capital Management LLC CT acquired a new position in shares of Banco Santander Brasil during the second quarter worth about $18,692,000. Finally, Citadel Advisors LLC lifted its stake in shares of Banco Santander Brasil by 2,208.6% during the second quarter. Citadel Advisors LLC now owns 1,650,898 shares of the bank’s stock worth $12,431,000 after purchasing an additional 1,579,387 shares in the last quarter. Hedge funds and other institutional investors own 1.56% of the company’s stock.

A number of research analysts have commented on BSBR shares. Zacks Investment Research upgraded Banco Santander Brasil from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research note on Tuesday, August 15th. ValuEngine raised Banco Santander Brasil from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub lowered Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, J P Morgan Chase & Co raised Banco Santander Brasil from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $8.00 to $10.00 in a research report on Wednesday, November 1st. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Banco Santander Brasil currently has a consensus rating of “Hold” and an average price target of $14.25.

Shares of Banco Santander Brasil SA (NYSE:BSBR) opened at $8.89 on Monday. Banco Santander Brasil SA has a 52-week low of $6.86 and a 52-week high of $11.75. The stock has a market capitalization of $33,388.67, a PE ratio of 16.16, a PEG ratio of 0.77 and a beta of 1.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90.

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About Banco Santander Brasil

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.

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

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