Cubist Systematic Strategies LLC Cuts Stake in Banco Santander Brasil SA (BSBR)

Cubist Systematic Strategies LLC trimmed its position in Banco Santander Brasil SA (NYSE:BSBR) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,961 shares of the bank’s stock after selling 11,502 shares during the period. Cubist Systematic Strategies LLC’s holdings in Banco Santander Brasil were worth $664,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Wright Investors Service Inc. acquired a new stake in shares of Banco Santander Brasil in the third quarter valued at about $106,000. Advisor Group Inc. increased its position in shares of Banco Santander Brasil by 5.8% in the second 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 during the last quarter. Citigroup Inc. increased its position in shares of Banco Santander Brasil by 3.7% in the second quarter. Citigroup Inc. now owns 15,961 shares of the bank’s stock valued at $120,000 after acquiring an additional 566 shares during the last quarter. Nordea Investment Management AB acquired a new stake in shares of Banco Santander Brasil in the second quarter valued at about $171,000. Finally, Stifel Financial Corp increased its position in shares of Banco Santander Brasil by 153.9% in the second quarter. Stifel Financial Corp now owns 26,348 shares of the bank’s stock valued at $198,000 after acquiring an additional 15,969 shares during the last quarter. Institutional investors own 1.56% of the company’s stock.

A number of analysts recently issued reports on the company. Zacks Investment Research raised Banco Santander Brasil from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a research report on Monday, October 16th. BidaskClub raised Banco Santander Brasil from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. ValuEngine downgraded Banco Santander Brasil from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, JPMorgan Chase & Co. raised Banco Santander Brasil from a “neutral” rating to an “overweight” rating and boosted their price target 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 company’s stock. Banco Santander Brasil has an average rating of “Hold” and an average price target of $14.25.

Banco Santander Brasil SA (BSBR) opened at $9.46 on Monday. The firm has a market capitalization of $35,530.00, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 0.84 and a beta of 1.48. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. Banco Santander Brasil SA has a 12-month low of $6.86 and a 12-month high of $11.75.

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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.

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

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