US Bancorp DE Raises Stock Position in Banco Santander, S.A. (NYSE:SAN)

US Bancorp DE increased its stake in Banco Santander, S.A. (NYSE:SAN) by 6.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 438,070 shares of the bank’s stock after acquiring an additional 28,350 shares during the period. US Bancorp DE’s holdings in Banco Santander were worth $2,234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Rothschild Investment LLC purchased a new stake in shares of Banco Santander in the 2nd quarter worth $33,000. Planned Solutions Inc. purchased a new stake in Banco Santander in the second quarter worth about $47,000. AE Wealth Management LLC bought a new position in shares of Banco Santander in the second quarter worth about $50,000. Norden Group LLC bought a new position in shares of Banco Santander during the 1st quarter valued at approximately $52,000. Finally, Brookstone Capital Management purchased a new stake in Banco Santander in the 3rd quarter worth approximately $54,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SAN shares. StockNews.com lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. UBS Group raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

Banco Santander Stock Performance

NYSE:SAN opened at $4.78 on Thursday. The stock has a 50-day moving average price of $4.95 and a 200 day moving average price of $4.89. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. Banco Santander, S.A. has a 12-month low of $3.71 and a 12-month high of $5.27. The stock has a market capitalization of $75.65 billion, a P/E ratio of 5.98, a P/E/G ratio of 0.48 and a beta of 1.14.

Banco Santander Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Stockholders of record on Thursday, October 31st were given a dividend of $0.08 per share. This represents a dividend yield of 3%. The ex-dividend date was Thursday, October 31st. Banco Santander’s payout ratio is currently 18.75%.

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.