Millennium Management LLC lowered its holdings in Banco Santander Brasil SA (NYSE:BSBR) by 84.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,650 shares of the bank’s stock after selling 455,848 shares during the period. Millennium Management LLC’s holdings in Banco Santander Brasil were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. NumerixS Investment Technologies Inc grew its position in Banco Santander Brasil by 245.8% in the second quarter. NumerixS Investment Technologies Inc now owns 20,400 shares of the bank’s stock valued at $152,000 after purchasing an additional 14,500 shares in the last quarter. Citadel Advisors LLC bought a new position in Banco Santander Brasil in the second quarter valued at $310,000. Sei Investments Co. grew its position in Banco Santander Brasil by 16.6% in the second quarter. Sei Investments Co. now owns 63,957 shares of the bank’s stock valued at $480,000 after purchasing an additional 9,102 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Banco Santander Brasil in the second quarter valued at $625,000. Finally, Eqis Capital Management Inc. bought a new position in Banco Santander Brasil in the second quarter valued at $682,000. 1.10% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Banco Santander Brasil from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Zacks Investment Research raised shares of Banco Santander Brasil from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, Morgan Stanley raised shares of Banco Santander Brasil from an “underweight” rating to an “equal weight” rating in a research report on Friday. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.00.

Shares of BSBR opened at $11.22 on Friday. Banco Santander Brasil SA has a one year low of $7.20 and a one year high of $12.25. The stock has a market capitalization of $41.62 billion, a PE ratio of 15.20, a PEG ratio of 1.01 and a beta of 0.96. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.11.

The company also recently disclosed a special dividend, which was paid on Friday, November 2nd. Stockholders of record on Thursday, October 11th were given a $0.04 dividend. The ex-dividend date was Wednesday, October 10th. Banco Santander Brasil’s dividend payout ratio (DPR) is presently 19.18%.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2018/11/10/millennium-management-llc-has-620000-position-in-banco-santander-brasil-sa-bsbr.html.

Banco Santander Brasil Profile

Banco Santander (Brasil) SA provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services.

Featured Article: How to Invest in a Bull Market

Want to see what other hedge funds are holding BSBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Santander Brasil SA (NYSE:BSBR).

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

Receive News & Ratings for Banco Santander Brasil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander Brasil and related companies with MarketBeat.com's FREE daily email newsletter.