Captrust Financial Advisors Sells 169,710 Shares of Banco Santander, S.A. (NYSE:SAN)

Captrust Financial Advisors trimmed its stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 54.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,612 shares of the bank's stock after selling 169,710 shares during the period. Captrust Financial Advisors' holdings in Banco Santander were worth $732,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SAN. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Banco Santander by 22.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank's stock valued at $59,000 after purchasing an additional 2,303 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in Banco Santander by 1.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank's stock worth $775,000 after acquiring an additional 2,392 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Banco Santander by 4.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 58,130 shares of the bank's stock worth $269,000 after acquiring an additional 2,433 shares during the period. Aprio Wealth Management LLC grew its stake in Banco Santander by 12.4% during the 3rd 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 increased its holdings in shares of Banco Santander by 22.4% in the 2nd quarter. HBK Sorce Advisory LLC now owns 15,363 shares of the bank's stock valued at $71,000 after purchasing an additional 2,813 shares during the period. Hedge funds and other institutional investors own 9.19% of the company's stock.

Banco Santander Stock Performance

SAN stock traded down $0.02 during midday trading on Wednesday, hitting $4.87. 2,139,433 shares of the company traded hands, compared to its average volume of 2,746,317. Banco Santander, S.A. has a twelve month low of $3.83 and a twelve month high of $5.27. The stock has a market capitalization of $76.99 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 0.46 and a beta of 1.12. 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 business has a 50 day simple moving average of $4.85 and a 200-day simple moving average of $4.84.

Banco Santander Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on SAN shares. StockNews.com upgraded 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 note on Tuesday, November 26th. Finally, UBS Group raised 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.