116,483 Shares in Banco Santander (Brasil) S.A. (NYSE:BSBR) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new stake in Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 116,483 shares of the bank's stock, valued at approximately $575,000.

Other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP lifted its position 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 valued at $5,429,000 after purchasing an additional 335,915 shares during the period. Frank Rimerman Advisors LLC bought a new position in shares of Banco Santander (Brasil) during the 2nd quarter valued at $218,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of 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 worth $71,000 after buying an additional 4,387 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Banco Santander (Brasil) by 11.5% during the second quarter. Dimensional Fund Advisors LP now owns 30,067 shares of the bank's stock valued at $149,000 after acquiring an additional 3,098 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Banco Santander (Brasil) by 8.5% in the second 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 during the period. 14.53% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander (Brasil) Trading Up 1.0 %

BSBR stock traded up $0.05 during midday trading on Friday, reaching $5.30. 265,533 shares of the company's stock traded hands, compared to its average volume of 464,557. Banco Santander has a 52-week low of $4.78 and a 52-week high of $6.66. The stock has a market cap of $19.73 billion, a P/E ratio of 6.65, a PEG ratio of 0.32 and a beta of 1.04. The stock's 50-day moving average is $5.42 and its 200 day moving average is $5.36.

Banco Santander (Brasil) Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Thursday, July 25th were issued a dividend of $0.0783 per share. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $0.31 dividend on an annualized basis and a yield of 5.91%. Banco Santander (Brasil)'s dividend payout ratio is presently 26.58%.

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.