Financial Gravity Wealth Inc. Acquires Shares of 18,184 Banco Santander Brasil SA (BSBR)

Financial Gravity Wealth Inc. acquired a new position in shares of Banco Santander Brasil SA (NYSE:BSBR) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,184 shares of the bank’s stock, valued at approximately $209,000.

Several other large investors also recently bought and sold shares of the company. Macquarie Group Ltd. lifted its stake in shares of Banco Santander Brasil by 0.6% during the third quarter. Macquarie Group Ltd. now owns 4,659,666 shares of the bank’s stock worth $41,052,000 after buying an additional 27,800 shares during the period. BlackRock Inc. lifted its stake in shares of Banco Santander Brasil by 16.5% during the third quarter. BlackRock Inc. now owns 1,873,461 shares of the bank’s stock worth $16,506,000 after buying an additional 264,770 shares during the period. Deutsche Bank AG raised its holdings in shares of Banco Santander Brasil by 32.7% during the fourth quarter. Deutsche Bank AG now owns 504,390 shares of the bank’s stock worth $5,613,000 after purchasing an additional 124,209 shares during the last quarter. Comerica Bank raised its holdings in shares of Banco Santander Brasil by 1.2% during the fourth quarter. Comerica Bank now owns 225,932 shares of the bank’s stock worth $2,982,000 after purchasing an additional 2,575 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Banco Santander Brasil by 1.1% during the fourth quarter. American Century Companies Inc. now owns 176,560 shares of the bank’s stock worth $1,965,000 after purchasing an additional 1,986 shares during the last quarter. Institutional investors and hedge funds own 1.09% of the company’s stock.

Shares of Banco Santander Brasil stock opened at $11.45 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.19 and a quick ratio of 0.19. Banco Santander Brasil SA has a 1 year low of $7.20 and a 1 year high of $13.73. The firm has a market cap of $42.93 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 0.84 and a beta of 0.89.

Banco Santander Brasil (NYSE:BSBR) last released its quarterly earnings data on Wednesday, March 27th. The bank reported $0.25 earnings per share for the quarter. Banco Santander Brasil had a net margin of 14.35% and a return on equity of 13.74%. The company had revenue of $4.09 billion during the quarter. As a group, equities analysts anticipate that Banco Santander Brasil SA will post 0.95 earnings per share for the current fiscal year.

The company also recently disclosed a special dividend, which will be paid on Monday, May 6th. Shareholders of record on Tuesday, April 9th will be issued a $0.0685 dividend. The ex-dividend date is Monday, April 8th. Banco Santander Brasil’s payout ratio is 25.56%.

Several brokerages recently issued reports on BSBR. Zacks Investment Research raised shares of Banco Santander Brasil from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a report on Thursday, January 31st. ValuEngine cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Seven analysts have rated the stock with a hold rating, Banco Santander Brasil presently has a consensus rating of “Hold” and an average price target of $13.50.

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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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