Pinebridge Investments L.P. grew its position in Banco Santander Brasil SA (NYSE:BSBR) by 47.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,760 shares of the bank’s stock after purchasing an additional 44,760 shares during the period. Pinebridge Investments L.P.’s holdings in Banco Santander Brasil were worth $1,213,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. OxFORD Asset Management LLP increased its position in Banco Santander Brasil by 26.0% in the 3rd quarter. OxFORD Asset Management LLP now owns 59,095 shares of the bank’s stock worth $514,000 after purchasing an additional 12,184 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Banco Santander Brasil by 36.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 214,491 shares of the bank’s stock valued at $1,875,000 after acquiring an additional 57,386 shares during the last quarter. Trexquant Investment LP increased its holdings in shares of Banco Santander Brasil by 60.0% during the 3rd quarter. Trexquant Investment LP now owns 25,353 shares of the bank’s stock valued at $222,000 after acquiring an additional 9,506 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Banco Santander Brasil by 192,151.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,526,178 shares of the bank’s stock valued at $21,725,000 after acquiring an additional 2,524,864 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in shares of Banco Santander Brasil by 33.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 85,809 shares of the bank’s stock valued at $750,000 after acquiring an additional 21,274 shares during the last quarter. 1.56% of the stock is currently owned by institutional investors.

Banco Santander Brasil SA (BSBR) opened at $9.64 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $35,642.13, a PE ratio of 17.25, a PEG ratio of 0.82 and a beta of 1.51. Banco Santander Brasil SA has a fifty-two week low of $6.86 and a fifty-two week high of $11.75.

A number of brokerages have recently commented on BSBR. Zacks Investment Research lowered Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. BidaskClub lowered Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. ValuEngine lowered Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, J P Morgan Chase & Co raised Banco Santander Brasil from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $8.00 to $10.00 in a report on Wednesday, November 1st. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.25.

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Banco Santander Brasil Profile

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 (NYSE:BSBR)

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