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

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

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

Banco Santander (Brasil) Trading Up 0.6 %

BSBR stock opened at $4.62 on Wednesday. Banco Santander has a twelve month low of $3.75 and a twelve month high of $6.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The firm’s fifty day simple moving average is $4.17 and its two-hundred day simple moving average is $4.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BSBR. Wellington Management Group LLP grew its stake in Banco Santander (Brasil) by 49.2% in the third 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 in the last quarter. Robeco Institutional Asset Management B.V. boosted 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 valued at $1,990,000 after acquiring an additional 196,141 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Banco Santander (Brasil) by 290.9% during the 4th quarter. JPMorgan Chase & Co. now owns 118,916 shares of the bank’s stock valued at $465,000 after acquiring an additional 88,497 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Banco Santander (Brasil) by 43.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 179,500 shares of the bank’s stock valued at $944,000 after acquiring an additional 54,600 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Banco Santander (Brasil) by 10.8% during the 4th quarter. American Century Companies Inc. now owns 548,931 shares of the bank’s stock valued at $2,146,000 after acquiring an additional 53,542 shares in the last quarter. Institutional investors own 14.53% of the company’s stock.

About Banco Santander (Brasil)

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.