Banco Santander, S.A. (NYSE:SAN) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its stake in Banco Santander, S.A. (NYSE:SAN) by 13.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,264 shares of the bank’s stock after purchasing an additional 11,608 shares during the quarter. Advisors Asset Management Inc.’s holdings in Banco Santander were worth $496,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rothschild Investment LLC purchased a new position in shares of Banco Santander in the second quarter worth about $33,000. Planned Solutions Inc. purchased a new position in Banco Santander during the second quarter worth about $47,000. AE Wealth Management LLC purchased a new position in Banco Santander during the second quarter worth about $50,000. Brookstone Capital Management purchased a new position in Banco Santander during the third quarter worth about $54,000. Finally, Joel Isaacson & Co. LLC acquired a new stake in shares of Banco Santander during the third quarter valued at about $55,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Wall Street Analyst Weigh In

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

Banco Santander Trading Up 0.4 %

NYSE SAN opened at $4.63 on Thursday. 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 52 week low of $3.83 and a 52 week high of $5.27. The stock has a market capitalization of $73.27 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.14. The firm has a 50 day moving average of $4.91 and a two-hundred day moving average of $4.87.

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. The ex-dividend date of this dividend was Thursday, October 31st. This represents a dividend yield of 3%. Banco Santander’s dividend payout ratio is presently 20.00%.

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.