Banco Santander, S.A. (NYSE:SAN) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its stake in Banco Santander, S.A. (NYSE:SAN) by 15.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 605,173 shares of the bank’s stock after purchasing an additional 79,918 shares during the quarter. Stifel Financial Corp’s holdings in Banco Santander were worth $3,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in Banco Santander during the second quarter worth about $33,000. Planned Solutions Inc. purchased a new stake in shares of Banco Santander during the 2nd quarter worth approximately $47,000. AE Wealth Management LLC purchased a new position in Banco Santander in the 2nd quarter valued at approximately $50,000. Brookstone Capital Management acquired a new position in Banco Santander during the third quarter worth $54,000. Finally, Joel Isaacson & Co. LLC purchased a new stake in Banco Santander during the third quarter worth $55,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

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

Banco Santander Stock Down 4.2 %

SAN opened at $4.68 on Wednesday. The business’s fifty day simple moving average is $4.84 and its 200 day simple moving average is $4.83. Banco Santander, S.A. has a 52 week low of $3.83 and a 52 week high of $5.27. The firm has a market cap of $73.98 billion, a P/E ratio of 5.84, a PEG ratio of 0.46 and a beta of 1.12. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08.

Banco Santander Cuts Dividend

The company 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. This represents a dividend 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.