Banco Santander (Brasil) S.A. (NYSE:BSBR) Shares Sold by Creative Planning

Creative Planning reduced its position in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 46.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,826 shares of the bank’s stock after selling 10,297 shares during the period. Creative Planning’s holdings in Banco Santander (Brasil) were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BSBR. BNP Paribas Financial Markets boosted its stake 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 in the last quarter. 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 worth $51,000 after buying an additional 6,313 shares in the last quarter. Banco BTG Pactual S.A. acquired a new position in Banco Santander (Brasil) during the first quarter worth about $79,000. 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 valued at $71,000 after buying an additional 4,387 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Banco Santander (Brasil) by 11.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank’s stock valued at $149,000 after purchasing an additional 3,098 shares in the last quarter. Institutional investors and hedge funds own 14.53% of the company’s stock.

Banco Santander (Brasil) Stock Down 1.1 %

BSBR opened at $4.55 on Wednesday. Banco Santander has a one year low of $4.53 and a one year high of $6.66. The business’s fifty day moving average is $5.20 and its two-hundred day moving average is $5.26. 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 firm also recently declared 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. The ex-dividend date is Monday, October 21st. This represents a $0.29 annualized dividend and a dividend yield of 6.28%.

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.