Verdence Capital Advisors LLC Increases Stock Position in Banco Santander, S.A. (NYSE:SAN)

Verdence Capital Advisors LLC boosted its position in Banco Santander, S.A. (NYSE:SAN) by 11.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,291 shares of the bank’s stock after buying an additional 4,373 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Banco Santander were worth $216,000 at the end of the most recent quarter.

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

Banco Santander Price Performance

SAN opened at $4.67 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. The company’s 50-day moving average price is $4.94 and its 200 day moving average price is $4.89. Banco Santander, S.A. has a fifty-two week low of $3.83 and a fifty-two week high of $5.27. The firm has a market cap of $73.91 billion, a price-to-earnings ratio of 5.99, a price-to-earnings-growth ratio of 0.46 and a beta of 1.14.

Banco Santander Cuts Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

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.