GAMMA Investing LLC Buys 6,313 Shares of Banco Santander (Brasil) S.A. (NYSE:BSBR)

GAMMA Investing LLC grew its stake in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 183.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,751 shares of the bank’s stock after acquiring an additional 6,313 shares during the period. GAMMA Investing LLC’s holdings in Banco Santander (Brasil) were worth $51,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Marshall Wace LLP raised its holdings in shares of Banco Santander (Brasil) by 44.0% in the 2nd quarter. Marshall Wace LLP now owns 1,099,003 shares of the bank’s stock valued at $5,429,000 after purchasing an additional 335,915 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Banco Santander (Brasil) during the fourth quarter worth $5,064,000. American Century Companies Inc. boosted its position in Banco Santander (Brasil) by 8.5% during the 2nd quarter. American Century Companies Inc. now owns 409,483 shares of the bank’s stock valued at $2,023,000 after acquiring an additional 32,238 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Banco Santander (Brasil) by 52.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 124,900 shares of the bank’s stock valued at $617,000 after acquiring an additional 42,800 shares during the period. Finally, Longfellow Investment Management Co. LLC increased its holdings in shares of Banco Santander (Brasil) by 220.2% during the second quarter. Longfellow Investment Management Co. LLC now owns 120,528 shares of the bank’s stock valued at $595,000 after acquiring an additional 82,890 shares in the last quarter. 14.53% of the stock is owned by hedge funds and other institutional investors.

Banco Santander (Brasil) Price Performance

NYSE:BSBR 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 company’s 50 day moving average is $5.45 and its two-hundred day moving average is $5.32.

Banco Santander (Brasil) Cuts Dividend

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

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.