Banco Santander (Brasil) (NYSE:BSBR) downgraded by Goldman Sachs Group
Banco Santander (Brazil) (NYSE:BSBR – Get a rating) was downgraded by investment analysts Goldman Sachs Group from a “neutral” rating to a “sell” rating in a note released to investors on Friday, Briefing.com reports.
A number of other research analysts have also published reports on the BSBR. Barclays lowered its price target on Banco Santander (Brazil) from $7.00 to $6.00 and set an “equal weight” rating on the stock in a Wednesday July 27 report. TheStreet upgraded Banco Santander (Brazil) from a “b-” to a “c+” rating in a research note dated Tuesday, July 12. Finally, StockNews.com took over coverage of Banco Santander (Brazil) stocks in a Wednesday, October 12 research note. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating and three have issued the company a hold rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.35.
Banco Santander (Brazil) trades up 3.8%
NYSE: BSBR opened at $5.43 on Friday. Banco Santander has a 1-year low of $4.86 and a 1-year high of $7.97. The company has a fifty-day moving average of $5.84 and a 200-day moving average of $6.04. The company has a debt ratio of 0.18, a quick ratio of 5.94 and a current ratio of 0.12. The stock has a market capitalization of $20.27 billion, a price-earnings ratio of 13.58, a PEG ratio of 1.31 and a beta of 0.92.
Institutional entries and exits
Several institutional investors and hedge funds have recently increased or reduced their stake in the stock. US Bancorp DE increased its position in shares of Banco Santander (Brasil) by 29.8% in the 3rd quarter. US Bancorp DE now owns 31,707 shares of the bank worth $178,000 after buying an additional 7,271 shares in the last quarter. Balentine LLC bought a new equity stake in Banco Santander (Brazil) in Q3 valued at around $63,000. ExodusPoint Capital Management LP increased its stake in Banco Santander (Brazil) by 297.5% during the second quarter. ExodusPoint Capital Management LP now owns 43,787 shares of the bank worth $240,000 after acquiring 32,772 additional shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in Banco Santander (Brazil) in the second quarter valued at approximately $26,000. Finally, Jane Street Group LLC increased its position in shares of Banco Santander (Brasil) by 384.4% during the second quarter. Jane Street Group LLC now owns 531,243 shares of the bank worth $2,917,000 after purchasing an additional 421,575 shares last quarter. Institutional investors and hedge funds own 14.52% of the company’s shares.
Banco Santander (Brazil) Company Profile
(Get an assessment)
Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises and corporations in Brazil and abroad. The Company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers deposits and other bank financing instruments; debit and credit cards; prepaid digital solutions; payment platform; Loyalty programs; employee benefit vouchers; payday loans; digital lending and online debt renegotiation services; mortgages; home equity financing products; Consumer credit ; and local loans, trade and commercial finance, guarantees, structured loans, cash management and financing solutions, and loan transfer services.
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