Russell Investments Group Ltd. Has $10.23 Million Position in Banco Santander Brasil SA (BSBR)

Russell Investments Group Ltd. reduced its position in shares of Banco Santander Brasil SA (NYSE:BSBR) by 36.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,170,450 shares of the bank’s stock after selling 664,413 shares during the period. Russell Investments Group Ltd.’s holdings in Banco Santander Brasil were worth $10,230,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wright Investors Service Inc. acquired a new stake in Banco Santander Brasil in the 3rd quarter valued at about $106,000. Trexquant Investment LP acquired a new stake in Banco Santander Brasil in the 2nd quarter valued at about $119,000. Citigroup Inc. increased its position in Banco Santander Brasil by 3.7% in the 2nd quarter. Citigroup Inc. now owns 15,961 shares of the bank’s stock valued at $120,000 after acquiring an additional 566 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Banco Santander Brasil by 135.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 18,793 shares of the bank’s stock valued at $136,000 after acquiring an additional 10,800 shares in the last quarter. Finally, Advisor Group Inc. increased its position in Banco Santander Brasil by 5.8% in the 2nd quarter. Advisor Group Inc. now owns 21,268 shares of the bank’s stock valued at $120,000 after acquiring an additional 1,166 shares in the last quarter. 1.56% of the stock is owned by hedge funds and other institutional investors.

Shares of Banco Santander Brasil SA (NYSE BSBR) opened at $9.27 on Tuesday. Banco Santander Brasil SA has a 1 year low of $6.86 and a 1 year high of $11.75. 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 cap of $33,388.67, a P/E ratio of 16.16, a PEG ratio of 0.77 and a beta of 1.51.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Banco Santander Brasil from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research report on Monday, October 16th. BidaskClub upgraded shares of Banco Santander Brasil from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. ValuEngine cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, J P Morgan Chase & Co upgraded shares of Banco Santander Brasil from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $8.00 to $10.00 in a research 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. Banco Santander Brasil has a consensus rating of “Hold” and a consensus target price of $14.25.

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Banco Santander Brasil 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.

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

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