Fmr LLC Buys 5,290,236 Shares of Banco Santander, S.A. (NYSE:SAN)

Fmr LLC raised its stake in Banco Santander, S.A. (NYSE:SAN) by 33.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,893,727 shares of the bank’s stock after purchasing an additional 5,290,236 shares during the quarter. Fmr LLC’s holdings in Banco Santander were worth $106,558,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. raised its holdings in shares of Banco Santander by 22.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank’s stock valued at $59,000 after acquiring an additional 2,303 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Banco Santander by 1.6% during the third quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank’s stock valued at $775,000 after acquiring an additional 2,392 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Banco Santander by 4.4% during the second quarter. Sivia Capital Partners LLC now owns 58,130 shares of the bank’s stock valued at $269,000 after acquiring an additional 2,433 shares in the last quarter. Aprio Wealth Management LLC raised its holdings in shares of Banco Santander by 12.4% during the third quarter. Aprio Wealth Management LLC now owns 25,187 shares of the bank’s stock valued at $128,000 after acquiring an additional 2,782 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its holdings in shares of Banco Santander by 22.4% during the second quarter. HBK Sorce Advisory LLC now owns 15,363 shares of the bank’s stock valued at $71,000 after acquiring an additional 2,813 shares in the last quarter. Institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

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

Banco Santander Trading Up 1.1 %

Shares of NYSE:SAN opened at $4.69 on Thursday. The stock’s 50-day simple moving average is $4.87 and its two-hundred day simple moving average is $4.85. The stock has a market capitalization of $74.22 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 0.44 and a beta of 1.12. Banco Santander, S.A. has a 52-week low of $3.83 and a 52-week high of $5.27. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33.

Banco Santander Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st were paid 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 currently 20.00%.

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.