Banco Santander (Brasil) S.A. (NYSE:BSBR) Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in Banco Santander (Brasil) S.A. (NYSE:BSBR) by 62.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor 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 institutional investors and hedge funds have also made changes to their positions in BSBR. BNP Paribas Financial Markets increased its holdings in shares of Banco Santander (Brasil) by 220.0% in the 1st 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. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 6,313 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Banco Santander (Brasil) by 41.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,024 shares of the bank’s stock worth $71,000 after purchasing an additional 4,387 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of Banco Santander (Brasil) in the 2nd quarter valued at about $218,000. 14.53% of the stock is owned by institutional investors and hedge funds.

Banco Santander (Brasil) Trading Down 1.1 %

NYSE BSBR opened at $4.44 on Tuesday. Banco Santander has a 52-week low of $4.43 and a 52-week high of $6.66. The business’s 50-day moving average price is $5.08 and its 200 day moving average price is $5.22. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, October 21st were given a $0.0714 dividend. The ex-dividend date was Monday, October 21st. This represents a $0.29 dividend on an annualized basis and a yield of 6.43%.

Analyst Upgrades and Downgrades

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

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.