Robeco Institutional Asset Management B.V. Has $1.99 Million Position in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 107.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 378,361 shares of the bank’s stock after purchasing an additional 196,141 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Banco Santander (Brasil) were worth $1,990,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in Banco Santander (Brasil) by 220.0% during the first quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock valued at $41,000 after acquiring an additional 4,878 shares during the period. GAMMA Investing LLC boosted its holdings in Banco Santander (Brasil) by 183.6% during the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock valued at $51,000 after acquiring an additional 6,313 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Banco Santander (Brasil) by 41.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after acquiring an additional 4,387 shares during the period. Banco BTG Pactual S.A. bought a new stake in Banco Santander (Brasil) during the first quarter valued at about $79,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Banco Santander (Brasil) by 11.5% during the second quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock valued at $149,000 after acquiring an additional 3,098 shares during the period. Institutional investors and hedge funds own 14.53% of the company’s stock.

Banco Santander (Brasil) Stock Down 1.9 %

BSBR stock opened at $4.69 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.30 and a current ratio of 0.30. Banco Santander has a 52-week low of $4.56 and a 52-week high of $6.66. The company has a 50-day moving average of $5.22 and a two-hundred day moving average of $5.26.

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 paid a $0.0714 dividend. This represents a $0.29 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend is Monday, October 21st.

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.