Creative Planning Cuts Position in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Creative Planning trimmed its holdings in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 46.5% during the third quarter, according to the company in its most recent Form 13F filing 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 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BSBR. Marshall Wace LLP boosted its position in Banco Santander (Brasil) by 44.0% during the 2nd quarter. Marshall Wace LLP now owns 1,099,003 shares of the bank’s stock worth $5,429,000 after purchasing an additional 335,915 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Banco Santander (Brasil) during the 2nd quarter worth approximately $575,000. Longfellow Investment Management Co. LLC boosted its holdings in Banco Santander (Brasil) by 220.2% in the 2nd 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. Frank Rimerman Advisors LLC acquired a new stake in Banco Santander (Brasil) in the second quarter valued at approximately $218,000. Finally, Point72 Asset Management L.P. raised its stake in shares of Banco Santander (Brasil) by 52.1% during the second quarter. Point72 Asset Management L.P. now owns 124,900 shares of the bank’s stock valued at $617,000 after purchasing an additional 42,800 shares during the period. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander (Brasil) Trading Down 1.1 %

Shares of BSBR stock opened at $4.55 on Wednesday. Banco Santander has a 12 month low of $4.53 and a 12 month high of $6.66. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.25. The company’s fifty day moving average price is $5.20 and its two-hundred day moving average price is $5.26.

Banco Santander (Brasil) Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, October 21st will be paid a dividend of $0.0714 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend 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.