Robeco Institutional Asset Management B.V. Buys 196,141 Shares of Banco Santander (Brasil) S.A. (NYSE:BSBR)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR - Free Report) by 107.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 378,361 shares of the bank's stock after purchasing an additional 196,141 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Banco Santander (Brasil) were worth $1,990,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in Banco Santander (Brasil) by 220.0% during the 1st quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank's stock valued at $41,000 after purchasing an additional 4,878 shares during the period. GAMMA Investing LLC boosted its position in shares of Banco Santander (Brasil) by 183.6% in the third quarter. GAMMA Investing LLC now owns 9,751 shares of the bank's stock valued at $51,000 after acquiring an additional 6,313 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of 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 worth $71,000 after acquiring an additional 4,387 shares during the last quarter. Banco BTG Pactual S.A. acquired a new position in Banco Santander (Brasil) during the 1st quarter valued at $79,000. Finally, Dimensional Fund Advisors LP boosted its holdings 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 during the period. Institutional investors own 14.53% of the company's stock.

Banco Santander (Brasil) Trading Down 1.9 %

Shares of BSBR stock traded down $0.09 during mid-day trading on Friday, reaching $4.69. The stock had a trading volume of 224,443 shares, compared to its average volume of 407,146. Banco Santander has a one year low of $4.56 and a one year high of $6.66. The firm's 50 day simple moving average is $5.22 and its 200 day simple moving average is $5.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.30 and a quick ratio of 0.30.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, October 21st will be paid a $0.0714 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a yield of 6.09%.

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.