Cubist Systematic Strategies LLC Purchases New Position in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Cubist Systematic Strategies LLC purchased a new stake in Banco Santander (Brasil) S.A. (NYSE:BSBR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 116,483 shares of the bank’s stock, valued at approximately $575,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BSBR. Wellington Management Group LLP purchased a new stake in Banco Santander (Brasil) in the fourth quarter valued at $5,064,000. Ballentine Partners LLC raised its holdings in shares of Banco Santander (Brasil) by 24.3% in the first quarter. Ballentine Partners LLC now owns 16,137 shares of the bank’s stock valued at $92,000 after buying an additional 3,156 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Banco Santander (Brasil) by 220.0% in the first quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock valued at $41,000 after buying an additional 4,878 shares during the last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of Banco Santander (Brasil) in the first quarter valued at about $79,000. Finally, Longfellow Investment Management Co. LLC raised its holdings in shares of Banco Santander (Brasil) by 220.2% in the second quarter. Longfellow Investment Management Co. LLC now owns 120,528 shares of the bank’s stock valued at $595,000 after buying an additional 82,890 shares during the last quarter. 14.53% of the stock is owned by hedge funds and other institutional investors.

Banco Santander (Brasil) Stock Down 0.8 %

Shares of NYSE:BSBR opened at $5.10 on Friday. The company has a 50-day simple moving average of $5.43 and a 200-day simple moving average of $5.33. Banco Santander has a one year low of $4.78 and a one year high of $6.66.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Thursday, July 25th were issued a $0.0783 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 6.14%.

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.