Banco Santander (Brasil) (NYSE:BSBR) Upgraded by The Goldman Sachs Group to Neutral Rating

Banco Santander (Brasil) (NYSE:BSBR) was upgraded by equities research analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a $4.70 price target on the bank’s stock, up from their previous price target of $4.20. The Goldman Sachs Group’s target price would indicate a potential upside of 1.82% from the company’s previous close.

BSBR has been the subject of several other research reports. StockNews.com lowered Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. upgraded Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $7.00 to $6.00 in a report on Monday, November 25th. Finally, Bank of America lowered Banco Santander (Brasil) from a “buy” rating to a “neutral” rating in a report on Tuesday, December 10th.

Banco Santander (Brasil) Trading Up 0.6 %

Shares of BSBR opened at $4.62 on Wednesday. Banco Santander has a 12 month low of $3.75 and a 12 month high of $6.01. The stock has a fifty day moving average price of $4.17 and a 200-day moving average price of $4.79. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Banco Santander (Brasil)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSBR. Barclays PLC grew its position in Banco Santander (Brasil) by 221.4% during the 3rd quarter. Barclays PLC now owns 12,428 shares of the bank’s stock worth $65,000 after purchasing an additional 8,561 shares during the period. Wellington Management Group LLP grew its position in Banco Santander (Brasil) by 49.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,137,946 shares of the bank’s stock worth $5,986,000 after purchasing an additional 375,364 shares during the period. JPMorgan Chase & Co. grew its position in Banco Santander (Brasil) by 767.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,419 shares of the bank’s stock worth $160,000 after purchasing an additional 26,911 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Banco Santander (Brasil) by 68.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,741 shares of the bank’s stock worth $99,000 after purchasing an additional 7,608 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in Banco Santander (Brasil) by 107.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock worth $1,990,000 after purchasing an additional 196,141 shares during the period. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Banco Santander (Brasil) Company Profile

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally. The company operates through Commercial Banking and Global Wholesale Banking segments. It offers local loans, commercial financing options, development bank funds, and cash management services; export and import financing, guarantees, structuring of asset services.