Banco Santander (NYSE:SAN) Upgraded at StockNews.com

StockNews.com upgraded shares of Banco Santander (NYSE:SAN) from a hold rating to a buy rating in a report released on Saturday.

Separately, UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

Banco Santander Stock Performance

NYSE SAN opened at $4.80 on Friday. Banco Santander has a fifty-two week low of $3.83 and a fifty-two week high of $5.27. The stock has a market cap of $75.88 billion, a price-to-earnings ratio of 5.93, a price-to-earnings-growth ratio of 0.46 and a beta of 1.14. The business has a fifty day moving average of $4.95 and a 200-day moving average of $4.89. 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 Cuts Dividend

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

Hedge Funds Weigh In On Banco Santander

Hedge funds have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Banco Santander by 5.0% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank’s stock worth $23,459,000 after acquiring an additional 242,000 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Banco Santander by 6.2% during the second quarter. American Century Companies Inc. now owns 3,091,293 shares of the bank’s stock valued at $14,313,000 after buying an additional 181,558 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Banco Santander by 3.2% during the third quarter. QRG Capital Management Inc. now owns 1,690,877 shares of the bank’s stock valued at $8,623,000 after buying an additional 53,039 shares in the last quarter. OLD Mission Capital LLC grew its holdings in shares of Banco Santander by 56.1% during the first quarter. OLD Mission Capital LLC now owns 1,417,650 shares of the bank’s stock valued at $6,861,000 after buying an additional 509,541 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Banco Santander by 5.5% during the third quarter. Natixis Advisors LLC now owns 1,399,228 shares of the bank’s stock valued at $7,136,000 after buying an additional 73,204 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

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.