Advisors Asset Management Inc. Raises Stock Position in Banco Santander, S.A. (NYSE:SAN)

Advisors Asset Management Inc. lifted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 13.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 97,264 shares of the bank’s stock after acquiring an additional 11,608 shares during the quarter. Advisors Asset Management Inc.’s holdings in Banco Santander were worth $496,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rothschild Investment LLC purchased a new stake in shares of Banco Santander during the 2nd quarter worth approximately $33,000. Planned Solutions Inc. purchased a new stake in Banco Santander in the 2nd quarter valued at $47,000. AE Wealth Management LLC purchased a new stake in Banco Santander in the 2nd quarter valued at $50,000. Brookstone Capital Management purchased a new stake in Banco Santander in the 3rd quarter valued at $54,000. Finally, Joel Isaacson & Co. LLC purchased a new stake in Banco Santander in the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Up 0.4 %

Shares of Banco Santander stock opened at $4.63 on Thursday. The company has a market cap of $73.27 billion, a P/E ratio of 5.79, a PEG ratio of 0.44 and a beta of 1.14. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. Banco Santander, S.A. has a one year low of $3.83 and a one year high of $5.27. The firm has a fifty day moving average of $4.91 and a two-hundred day moving average of $4.87.

Banco Santander Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 3%. Banco Santander’s payout ratio is currently 20.00%.

Wall Street Analyst Weigh In

Several research firms recently commented on SAN. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. Finally, StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday.

Banco Santander Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.