Aigen Investment Management LP Cuts Stake in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Aigen Investment Management LP reduced its stake in Banco Santander (Brasil) S.A. (NYSE:BSBR) by 61.9% during the second quarter, HoldingsChannel reports. The fund owned 13,599 shares of the bank’s stock after selling 22,107 shares during the period. Aigen Investment Management LP’s holdings in Banco Santander (Brasil) were worth $112,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Banco Santander (Brasil) by 109.2% during the first quarter. BlackRock Inc. now owns 2,276,820 shares of the bank’s stock valued at $16,052,000 after purchasing an additional 1,188,453 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Banco Santander (Brasil) by 7.6% during the first quarter. Northern Trust Corp now owns 1,561,785 shares of the bank’s stock valued at $11,010,000 after purchasing an additional 110,917 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Banco Santander (Brasil) by 260.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,307,500 shares of the bank’s stock valued at $9,218,000 after acquiring an additional 945,092 shares during the period. Moneda S.A. Administradora General de Fondos bought a new position in Banco Santander (Brasil) in the first quarter valued at about $8,268,000. Finally, Optiver Holding B.V. bought a new position in shares of Banco Santander (Brasil) in the first quarter worth about $5,716,000. 14.41% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:BSBR opened at $6.96 on Friday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.12. Banco Santander has a 12-month low of $4.76 and a 12-month high of $9.27. The stock has a 50-day moving average price of $7.66 and a 200 day moving average price of $7.60. The stock has a market capitalization of $26.09 billion, a P/E ratio of 13.65, a P/E/G ratio of 0.90 and a beta of 0.93.

The firm also recently announced a Variable dividend, which was paid on Monday, September 13th. Investors of record on Friday, August 6th were given a dividend of $0.145 per share. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend was Thursday, August 5th. Banco Santander (Brasil)’s dividend payout ratio is currently 54.29%.

Separately, Zacks Investment Research raised Banco Santander (Brasil) from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Thursday, July 29th.

About Banco Santander (Brasil)

Banco Santander (Brasil) SA engages in the provision of banking and financial services. It operates through the following segments: Commercial Bank and Global Wholesale Banking. The Commercial Bank segment focuses on loans, cards, mortgages, consumer financing, payroll, agribusiness, micro credit, and corporate and private banking.

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Institutional Ownership by Quarter for Banco Santander (Brasil) (NYSE:BSBR)

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