19,585 Shares in Banco Santander (Brasil) S.A. (NYSE:BSBR) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in Banco Santander (Brasil) S.A. (NYSE:BSBR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,585 shares of the bank’s stock, valued at approximately $103,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in Banco Santander (Brasil) in the second quarter worth approximately $575,000. Robeco Institutional Asset Management B.V. increased its holdings in Banco Santander (Brasil) by 107.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 378,361 shares of the bank’s stock worth $1,990,000 after purchasing an additional 196,141 shares in the last quarter. American Century Companies Inc. increased its holdings in Banco Santander (Brasil) by 8.5% in the second quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock worth $2,023,000 after purchasing an additional 32,238 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Banco Santander (Brasil) by 41.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock worth $71,000 after purchasing an additional 4,387 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Banco Santander (Brasil) by 183.6% in the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank’s stock worth $51,000 after purchasing an additional 6,313 shares in the last quarter. 14.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BSBR has been the subject of several recent research reports. StockNews.com downgraded Banco Santander (Brasil) from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. upgraded Banco Santander (Brasil) from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $7.00 to $6.00 in a report on Monday, November 25th.

Banco Santander (Brasil) Trading Up 2.2 %

NYSE BSBR opened at $4.19 on Wednesday. Banco Santander has a 52 week low of $4.05 and a 52 week high of $6.66. The business has a 50 day moving average price of $4.84 and a 200-day moving average price of $5.12. 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 (Brasil) Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, October 21st were issued a dividend of $0.0714 per share. The ex-dividend date was Monday, October 21st. This represents a $0.29 annualized dividend and a yield of 6.82%.

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.