Mirae Asset Global Investments Co. Ltd. Lowers Stock Holdings in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 29.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,899 shares of the bank’s stock after selling 4,972 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Banco Santander (Brasil) were worth $63,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Banco Santander (Brasil) by 183.6% during the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after buying an additional 6,313 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Banco Santander (Brasil) in the second quarter valued at $575,000. Point72 Asset Management L.P. boosted its holdings in Banco Santander (Brasil) by 52.1% in the second quarter. Point72 Asset Management L.P. now owns 124,900 shares of the bank’s stock valued at $617,000 after purchasing an additional 42,800 shares during the period. Marshall Wace LLP boosted its holdings in Banco Santander (Brasil) by 44.0% in the second quarter. Marshall Wace LLP now owns 1,099,003 shares of the bank’s stock valued at $5,429,000 after purchasing an additional 335,915 shares during the period. Finally, Frank Rimerman Advisors LLC purchased a new position in Banco Santander (Brasil) in the second quarter valued at $218,000. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander (Brasil) Trading Up 1.3 %

NYSE:BSBR opened at $4.71 on Wednesday. The firm has a market cap of $17.53 billion, a PE ratio of 5.96, a price-to-earnings-growth ratio of 0.28 and a beta of 1.04. The stock has a fifty day moving average price of $5.27 and a 200 day moving average price of $5.27. Banco Santander has a 12-month low of $4.56 and a 12-month high of $6.66. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25.

Banco Santander (Brasil) Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, October 21st will be issued a $0.0714 dividend. The ex-dividend date is Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a yield of 6.07%. Banco Santander (Brasil)’s dividend payout ratio (DPR) is presently 3.80%.

Banco Santander (Brasil) 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.