Banco Santander (Brasil) S.A. (NYSE:BSBR) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 183.6% in the third quarter, HoldingsChannel reports. The firm owned 9,751 shares of the bank’s stock after buying an additional 6,313 shares during the period. GAMMA Investing LLC’s holdings in Banco Santander (Brasil) were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BSBR. Wellington Management Group LLP acquired a new position in shares of Banco Santander (Brasil) in the 4th quarter valued at about $5,064,000. Marshall Wace LLP boosted its holdings in Banco Santander (Brasil) by 44.0% during the second quarter. Marshall Wace LLP now owns 1,099,003 shares of the bank’s stock worth $5,429,000 after buying an additional 335,915 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Banco Santander (Brasil) during the second quarter valued at $575,000. Longfellow Investment Management Co. LLC raised its position 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 worth $595,000 after acquiring an additional 82,890 shares during the period. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Banco Santander (Brasil) during the 2nd quarter worth about $218,000. 14.53% of the stock is owned by hedge funds and other institutional investors.

Banco Santander (Brasil) Stock Performance

Shares of Banco Santander (Brasil) stock opened at $5.14 on Thursday. Banco Santander has a twelve month low of $4.78 and a twelve month high of $6.66. The business has a 50-day moving average price of $5.45 and a 200 day moving average price of $5.32.

Banco Santander (Brasil) Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, October 21st will be given a $0.0714 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, October 21st.

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.