US Bancorp DE Lowers Stock Holdings in Banco Santander (Brasil) S.A. (NYSE:BSBR)

US Bancorp DE trimmed its holdings in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 62.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,791 shares of the bank’s stock after selling 11,453 shares during the quarter. US Bancorp DE’s holdings in Banco Santander (Brasil) were worth $36,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Banco Santander (Brasil) in the second quarter valued at about $575,000. BNP Paribas Financial Markets raised its holdings in shares of 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 last quarter. American Century Companies Inc. raised its stake in Banco Santander (Brasil) by 8.5% in the 2nd quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock valued at $2,023,000 after purchasing an additional 32,238 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Banco Santander (Brasil) by 41.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock valued at $71,000 after purchasing an additional 4,387 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position 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 acquiring an additional 6,313 shares during the last quarter. Hedge funds and other institutional investors own 14.53% of the company’s stock.

Banco Santander (Brasil) Stock Performance

Shares of BSBR stock opened at $4.44 on Tuesday. The company has a 50-day moving average of $5.08 and a two-hundred day moving average of $5.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.25. Banco Santander has a 1-year low of $4.43 and a 1-year high of $6.66.

Banco Santander (Brasil) Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, October 21st were paid a $0.0714 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 6.43%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Banco Santander (Brasil) from a “hold” rating to a “buy” rating in a research note on Monday.

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.