Banco Santander, S.A. (NYSE:SAN) Position Boosted by Atria Investments Inc

Atria Investments Inc raised its position in shares of Banco Santander, S.A. (NYSE:SAN) by 50.5% in the third quarter, HoldingsChannel.com reports. The firm owned 27,073 shares of the bank’s stock after buying an additional 9,085 shares during the period. Atria Investments Inc’s holdings in Banco Santander were worth $138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in Banco Santander during the 2nd quarter valued at $33,000. Planned Solutions Inc. acquired a new stake in shares of Banco Santander during the 2nd quarter valued at $47,000. AE Wealth Management LLC purchased a new stake in shares of Banco Santander in the second quarter valued at $50,000. Brookstone Capital Management purchased a new stake in shares of Banco Santander in the third quarter valued at $54,000. Finally, Joel Isaacson & Co. LLC purchased a new stake in shares of Banco Santander in the third quarter valued at $55,000. 9.19% of the stock is owned by institutional investors.

Banco Santander Stock Down 4.0 %

Shares of SAN opened at $4.55 on Monday. The stock has a market cap of $72.01 billion, a price-to-earnings ratio of 5.69, a P/E/G ratio of 0.45 and a beta of 1.14. 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, S.A. has a 12 month low of $3.83 and a 12 month high of $5.27. The company has a 50-day moving average price of $4.93 and a two-hundred day moving average price of $4.88.

Banco Santander Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st were paid 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 18.75%.

Wall Street Analyst Weigh In

SAN has been the topic of a number of research reports. StockNews.com downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. UBS Group raised 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.