Banco Santander, S.A. (NYSE:SAN - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $4.74, but opened at $4.53. Banco Santander shares last traded at $4.54, with a volume of 1,006,353 shares.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. UBS Group raised Banco Santander from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 4th. StockNews.com cut shares of Banco Santander from a "buy" rating to a "hold" rating in a research note on Wednesday.
Check Out Our Latest Report on Banco Santander
Banco Santander Stock Down 4.0 %
The stock has a market capitalization of $72.01 billion, a P/E ratio of 5.69, a price-to-earnings-growth ratio of 0.45 and a beta of 1.14. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. The firm has a 50 day moving average of $4.93 and a 200-day moving average of $4.88.
Banco Santander Cuts Dividend
The business also recently disclosed 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 was Thursday, October 31st. This represents a yield of 3%. Banco Santander's dividend payout ratio is currently 18.75%.
Hedge Funds Weigh In On Banco Santander
A number of institutional investors and hedge funds have recently bought and sold shares of SAN. Rothschild Investment LLC bought a new stake in shares of Banco Santander in the 2nd quarter valued at $33,000. Planned Solutions Inc. acquired a new stake in shares of Banco Santander during the second quarter worth about $47,000. AE Wealth Management LLC acquired a new position in shares of Banco Santander in the 2nd quarter valued at approximately $50,000. Groupama Asset Managment bought a new stake in Banco Santander during the 3rd quarter worth approximately $53,000. Finally, Brookstone Capital Management bought a new position in Banco Santander in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 9.19% of the company's stock.
Banco Santander Company Profile
(
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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.
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