Captrust Financial Advisors Has $732,000 Stake in Banco Santander, S.A. (NYSE:SAN)

Captrust Financial Advisors reduced its holdings in Banco Santander, S.A. (NYSE:SAN) by 54.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 143,612 shares of the bank’s stock after selling 169,710 shares during the quarter. Captrust Financial Advisors’ holdings in Banco Santander were worth $732,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAN. Cetera Advisors LLC grew its position in shares of Banco Santander by 16.1% in the first quarter. Cetera Advisors LLC now owns 20,308 shares of the bank’s stock valued at $98,000 after purchasing an additional 2,822 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Banco Santander by 32.6% in the second quarter. SG Americas Securities LLC now owns 15,920 shares of the bank’s stock valued at $74,000 after purchasing an additional 3,911 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Banco Santander by 5.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 73,521 shares of the bank’s stock worth $340,000 after buying an additional 3,675 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Banco Santander by 34.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,648 shares of the bank’s stock worth $322,000 after buying an additional 17,945 shares in the last quarter. Finally, Fiduciary Financial Group LLC acquired a new stake in Banco Santander during the second quarter worth about $79,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SAN has been the topic of a number of recent research reports. StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. Finally, UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

Banco Santander Stock Performance

SAN stock opened at $4.89 on Wednesday. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. The company has a 50 day moving average price of $4.85 and a 200 day moving average price of $4.84. Banco Santander, S.A. has a fifty-two week low of $3.83 and a fifty-two week high of $5.27. The stock has a market capitalization of $77.31 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 0.46 and a beta of 1.12.

Banco Santander Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.08 per share. This represents a yield of 3%. The ex-dividend date of this dividend was Thursday, October 31st. Banco Santander’s dividend payout ratio is presently 18.75%.

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.