AQR Capital Management LLC Buys 35,026 Shares of Banco Santander, S.A. (NYSE:SAN)

AQR Capital Management LLC boosted its holdings in Banco Santander, S.A. (NYSE:SAN) by 26.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 165,272 shares of the bank’s stock after buying an additional 35,026 shares during the period. AQR Capital Management LLC’s holdings in Banco Santander were worth $765,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in Banco Santander during the 2nd quarter valued at $33,000. Financial Management Professionals Inc. boosted its position in Banco Santander by 1,853.0% during the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock valued at $40,000 after purchasing an additional 7,931 shares in the last quarter. Planned Solutions Inc. bought a new stake in Banco Santander during the second quarter valued at about $47,000. AE Wealth Management LLC bought a new stake in Banco Santander during the second quarter valued at about $50,000. Finally, Norden Group LLC purchased a new stake in Banco Santander in the first quarter valued at about $52,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Up 0.8 %

NYSE:SAN opened at $5.01 on Monday. The stock’s fifty day moving average is $4.84 and its two-hundred day moving average is $4.87. Banco Santander, S.A. has a 52 week low of $3.52 and a 52 week high of $5.27. The company has a market capitalization of $79.29 billion, a P/E ratio of 6.96, a P/E/G ratio of 0.40 and a beta of 1.14.

Banco Santander (NYSE:SAN) last issued its earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. The business had revenue of $16.87 billion for the quarter. Sell-side analysts anticipate that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Investors of record on Thursday, October 31st will be given a $0.08 dividend. The ex-dividend date is Thursday, October 31st. This represents a yield of 3%. Banco Santander’s dividend payout ratio (DPR) is presently 22.22%.

Wall Street Analyst Weigh In

SAN has been the subject of several recent research reports. StockNews.com cut Banco Santander from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

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.