Macquarie Group Ltd. lowered its stake in shares of Banco Santander Brasil SA (NYSE:BSBR) by 7.4% during the second quarter, HoldingsChannel reports. The firm owned 4,631,866 shares of the bank’s stock after selling 367,734 shares during the quarter. Macquarie Group Ltd.’s holdings in Banco Santander Brasil were worth $34,739,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. NumerixS Investment Technologies Inc raised its stake in shares of Banco Santander Brasil by 245.8% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 20,400 shares of the bank’s stock worth $152,000 after purchasing an additional 14,500 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Banco Santander Brasil during the 1st quarter worth approximately $198,000. Citadel Advisors LLC bought a new stake in shares of Banco Santander Brasil during the 2nd quarter worth approximately $310,000. Sei Investments Co. raised its stake in shares of Banco Santander Brasil by 16.6% during the 2nd quarter. Sei Investments Co. now owns 63,957 shares of the bank’s stock worth $480,000 after purchasing an additional 9,102 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Banco Santander Brasil during the 2nd quarter worth approximately $625,000. Institutional investors own 1.11% of the company’s stock.

BSBR stock opened at $8.14 on Monday. The company has a market cap of $30.26 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 0.71 and a beta of 1.61. Banco Santander Brasil SA has a 1-year low of $7.20 and a 1-year high of $12.11.

Banco Santander Brasil (NYSE:BSBR) last posted its earnings results on Wednesday, July 25th. The bank reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $4.11 billion for the quarter. Banco Santander Brasil had a return on equity of 11.68% and a net margin of 12.16%. analysts anticipate that Banco Santander Brasil SA will post 0.93 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the company. ValuEngine lowered Banco Santander Brasil from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. Zacks Investment Research raised Banco Santander Brasil from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. Citigroup raised Banco Santander Brasil from a “sell” rating to a “neutral” rating in a report on Tuesday, June 5th. Credit Suisse Group lowered Banco Santander Brasil from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 12th. Finally, JPMorgan Chase & Co. lowered Banco Santander Brasil from an “overweight” rating to a “neutral” rating and set a $12.00 target price on the stock. in a report on Thursday, June 7th. Six research analysts have rated the stock with a hold rating, Banco Santander Brasil has an average rating of “Hold” and a consensus target price of $12.00.

About Banco Santander Brasil

Banco Santander (Brasil) SA provides banking products and services in Brazil and internationally. The company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers savings and investment products, annuities, loans and advances, mortgage loans, credit cards, pension plans, and social securities, as well as leasing and foreign exchange services.

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

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