Banco Santander Brasil SA (BSBR) Upgraded to Overweight at J P Morgan Chase & Co

J P Morgan Chase & Co upgraded shares of Banco Santander Brasil SA (NYSE:BSBR) from a neutral rating to an overweight rating in a research report sent to investors on Wednesday. They currently have $10.00 price target on the bank’s stock, up from their previous price target of $8.00.

Several other analysts have also recently weighed in on the stock. Citigroup Inc. upgraded shares of Banco Santander Brasil SA from a sell rating to a neutral rating in a report on Tuesday, July 4th. BidaskClub upgraded shares of Banco Santander Brasil SA from a hold rating to a buy rating in a report on Sunday, July 16th. Zacks Investment Research cut shares of Banco Santander Brasil SA from a strong-buy rating to a hold rating in a report on Wednesday, July 19th. Finally, ValuEngine upgraded shares of Banco Santander Brasil SA from a buy rating to a strong-buy rating in a report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $14.50.

TRADEMARK VIOLATION WARNING: “Banco Santander Brasil SA (BSBR) Upgraded to Overweight at J P Morgan Chase & Co” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.com-unik.info/2017/11/02/banco-santander-brasil-sa-bsbr-upgraded-to-overweight-at-j-p-morgan-chase-co.html.

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 $0.0422 dividend. The ex-dividend date of this dividend is Tuesday, October 10th. This is a boost from Banco Santander Brasil SA’s previous special dividend of $0.04. Banco Santander Brasil SA’s payout ratio is 30.91%.

A number of large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its holdings in Banco Santander Brasil SA by 73.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 9,351,744 shares of the bank’s stock valued at $70,419,000 after acquiring an additional 3,960,380 shares in the last quarter. Numeric Investors LLC boosted its holdings in Banco Santander Brasil SA by 497.3% in the second 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 in the last quarter. Vanguard Group Inc. boosted its holdings in Banco Santander Brasil SA by 13.8% in the second 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 in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Banco Santander Brasil SA by 236.4% in the second 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 Banco Santander Brasil SA by 2,533.2% in the second 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 and hedge funds own 1.66% of the company’s stock.

Banco Santander Brasil SA Company 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.

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

What are top analysts saying about Banco Santander Brasil SA? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Banco Santander Brasil SA and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit