Marshall Wace LLP Has $5.43 Million Stake in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Marshall Wace LLP raised its stake in shares of Banco Santander (Brasil) S.A. (NYSE:BSBR) by 44.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,099,003 shares of the bank’s stock after purchasing an additional 335,915 shares during the period. Marshall Wace LLP’s holdings in Banco Santander (Brasil) were worth $5,429,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Parallel Advisors LLC lifted its stake in shares of Banco Santander (Brasil) by 63.5% in the 4th quarter. Parallel Advisors LLC now owns 6,522 shares of the bank’s stock valued at $43,000 after purchasing an additional 2,533 shares during the last quarter. Vinland Capital Management Gestora de Recursos LTDA. bought a new position in Banco Santander (Brasil) in the 4th quarter worth $655,000. Wellington Management Group LLP bought a new position in Banco Santander (Brasil) in the 4th quarter worth $5,064,000. Ballentine Partners LLC raised its holdings in Banco Santander (Brasil) by 24.3% in the 1st quarter. Ballentine Partners LLC now owns 16,137 shares of the bank’s stock worth $92,000 after acquiring an additional 3,156 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Banco Santander (Brasil) by 220.0% in the 1st quarter. BNP Paribas Financial Markets now owns 7,095 shares of the bank’s stock worth $41,000 after acquiring an additional 4,878 shares during the period. Institutional investors and hedge funds own 14.53% of the company’s stock.

Banco Santander (Brasil) Stock Performance

NYSE:BSBR opened at $5.25 on Wednesday. The firm’s 50-day moving average is $5.40 and its 200-day moving average is $5.36. Banco Santander has a 52-week low of $4.78 and a 52-week high of $6.66. The company has a market cap of $19.54 billion, a price-to-earnings ratio of 6.65, a PEG ratio of 0.32 and a beta of 1.04.

Banco Santander (Brasil) Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Thursday, July 25th were given a dividend of $0.0783 per share. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $0.31 annualized dividend and a dividend yield of 5.96%. Banco Santander (Brasil)’s dividend payout ratio (DPR) is currently 26.58%.

Banco Santander (Brasil) Profile

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.