Charles Schwab Investment Management Inc. Purchases 193,255 Shares of Banco Santander, S.A. (NYSE:SAN)

Charles Schwab Investment Management Inc. lifted its position in shares of Banco Santander, S.A. (NYSE:SAN) by 23.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,024,556 shares of the bank’s stock after buying an additional 193,255 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Banco Santander were worth $5,225,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SAN. Cetera Advisors LLC lifted its stake in shares of Banco Santander by 16.1% in the 1st quarter. Cetera Advisors LLC now owns 20,308 shares of the bank’s stock valued at $98,000 after acquiring an additional 2,822 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Banco Santander by 32.6% during the 2nd quarter. SG Americas Securities LLC now owns 15,920 shares of the bank’s stock worth $74,000 after purchasing an additional 3,911 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Banco Santander by 5.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 73,521 shares of the bank’s stock worth $340,000 after purchasing an additional 3,675 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Banco Santander by 34.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 69,648 shares of the bank’s stock valued at $322,000 after buying an additional 17,945 shares in the last quarter. Finally, Fiduciary Financial Group LLC purchased a new position in Banco Santander in the 2nd quarter valued at approximately $79,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Stock Down 0.2 %

Shares of Banco Santander stock opened at $4.85 on Friday. The company has a market cap of $76.75 billion, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 0.46 and a beta of 1.12. The company’s 50 day moving average is $4.85 and its 200 day moving average is $4.84. Banco Santander, S.A. has a twelve month low of $3.83 and a twelve month high of $5.27. 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 declared a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 3%. Banco Santander’s payout ratio is presently 18.75%.

Wall Street Analyst Weigh In

SAN has been the subject of a number of research analyst reports. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. Finally, UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report 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.