Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Banco Santander (Brasil) S.A. (NYSE:BSBR)

Mirae Asset Global Investments Co. Ltd. boosted its position in Banco Santander (Brasil) S.A. (NYSE:BSBR) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,721 shares of the bank’s stock after purchasing an additional 4,359 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Banco Santander (Brasil) were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC acquired a new stake in Banco Santander (Brasil) in the third quarter valued at about $52,000. Quantbot Technologies LP acquired a new stake in Banco Santander (Brasil) in the third quarter valued at about $31,000. Jump Financial LLC acquired a new stake in Banco Santander (Brasil) in the third quarter valued at about $234,000. Signaturefd LLC lifted its position in Banco Santander (Brasil) by 8.5% in the third quarter. Signaturefd LLC now owns 23,560 shares of the bank’s stock valued at $121,000 after purchasing an additional 1,852 shares during the period. Finally, Advisor Partners II LLC lifted its position in Banco Santander (Brasil) by 30.5% in the third quarter. Advisor Partners II LLC now owns 19,367 shares of the bank’s stock valued at $99,000 after purchasing an additional 4,526 shares during the period. Institutional investors and hedge funds own 14.53% of the company’s stock.

Banco Santander (Brasil) Stock Performance

Shares of NYSE:BSBR opened at $5.36 on Friday. The company has a 50-day moving average price of $5.58 and a 200 day moving average price of $5.86. Banco Santander has a 52 week low of $4.93 and a 52 week high of $6.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.26 and a current ratio of 0.26.

Banco Santander (Brasil) Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.0792 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 5.91%. This is an increase from Banco Santander (Brasil)’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, April 22nd.

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.