Quantinno Capital Management LP Invests $60,000 in Banco Santander, S.A. (NYSE:SAN)

Quantinno Capital Management LP bought a new stake in Banco Santander, S.A. (NYSE:SAN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,838 shares of the bank’s stock, valued at approximately $60,000.

Other large investors have also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new position in Banco Santander in the 2nd quarter worth approximately $33,000. Planned Solutions Inc. purchased a new position in shares of Banco Santander during the 2nd quarter worth $47,000. AE Wealth Management LLC acquired a new stake in Banco Santander during the second quarter worth about $50,000. Brookstone Capital Management acquired a new position in Banco Santander in the 3rd quarter valued at about $54,000. Finally, Joel Isaacson & Co. LLC purchased a new position in Banco Santander in the third quarter worth approximately $55,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Banco Santander Price Performance

Shares of NYSE SAN opened at $4.68 on Wednesday. The stock’s 50-day moving average is $4.84 and its two-hundred day moving average is $4.83. The company has a market cap of $73.98 billion, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of 0.46 and a beta of 1.12. Banco Santander, S.A. has a 1-year low of $3.83 and a 1-year high of $5.27. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23.

Banco Santander Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders 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%.

About Banco Santander

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.