Brookstone Capital Management Buys New Shares in Banco Santander, S.A. (NYSE:SAN)

Brookstone Capital Management purchased a new stake in Banco Santander, S.A. (NYSE:SAN) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,577 shares of the bank’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in Banco Santander during the second quarter worth about $33,000. Financial Management Professionals Inc. raised its holdings in Banco Santander by 1,853.0% in the first quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock valued at $40,000 after buying an additional 7,931 shares during the period. Planned Solutions Inc. acquired a new position in Banco Santander during the second quarter valued at approximately $47,000. AE Wealth Management LLC acquired a new stake in shares of Banco Santander in the second quarter worth $50,000. Finally, Norden Group LLC purchased a new position in shares of Banco Santander in the 1st quarter valued at $52,000. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Trading Down 0.5 %

NYSE SAN opened at $5.01 on Wednesday. The company’s fifty day simple moving average is $4.86 and its 200-day simple moving average is $4.88. The stock has a market cap of $79.21 billion, a P/E ratio of 6.95, a PEG ratio of 0.40 and a beta of 1.14. Banco Santander, S.A. has a 52 week low of $3.52 and a 52 week high of $5.27.

Banco Santander (NYSE:SAN) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. The company had revenue of $16.87 billion during the quarter. On average, research analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Cuts Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. StockNews.com downgraded Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd.

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.