Hilltop Holdings Inc. Buys 5,565 Shares of Banco Santander, S.A. (NYSE:SAN)

Hilltop Holdings Inc. boosted its position in Banco Santander, S.A. (NYSE:SAN) by 22.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,187 shares of the bank’s stock after acquiring an additional 5,565 shares during the quarter. Hilltop Holdings Inc.’s holdings in Banco Santander were worth $154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SAN. B. Riley Wealth Advisors Inc. increased its position in shares of Banco Santander by 22.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank’s stock valued at $59,000 after purchasing an additional 2,303 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of Banco Santander by 1.6% during the third quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank’s stock worth $775,000 after acquiring an additional 2,392 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Banco Santander by 4.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 58,130 shares of the bank’s stock worth $269,000 after acquiring an additional 2,433 shares during the last quarter. Aprio Wealth Management LLC boosted its stake in shares of Banco Santander by 12.4% in the 3rd quarter. Aprio Wealth Management LLC now owns 25,187 shares of the bank’s stock valued at $128,000 after purchasing an additional 2,782 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its position in Banco Santander by 22.4% in the 2nd quarter. HBK Sorce Advisory LLC now owns 15,363 shares of the bank’s stock worth $71,000 after purchasing an additional 2,813 shares during the period. Institutional investors own 9.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SAN shares. StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. Finally, Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th.

Banco Santander Stock Performance

Banco Santander stock opened at $4.87 on Monday. Banco Santander, S.A. has a 1-year low of $3.83 and a 1-year high of $5.27. The firm has a market cap of $77.07 billion, a P/E ratio of 6.09, a P/E/G ratio of 0.44 and a beta of 1.12. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. The firm has a 50-day moving average of $4.86 and a 200-day moving average of $4.84.

Banco Santander Cuts Dividend

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

Banco Santander Company 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.