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

Charles Schwab Investment Management Inc. boosted its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 23.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SAN. Mercer Global Advisors Inc. ADV increased its stake in Banco Santander by 38.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 891,187 shares of the bank's stock valued at $4,126,000 after acquiring an additional 245,765 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of Banco Santander by 5.0% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank's stock valued at $23,459,000 after purchasing an additional 242,000 shares during the period. Mediolanum International Funds Ltd acquired a new position in shares of Banco Santander in the third quarter valued at $1,211,000. Ritholtz Wealth Management lifted its position in Banco Santander by 143.1% in the second quarter. Ritholtz Wealth Management now owns 355,625 shares of the bank's stock worth $1,647,000 after purchasing an additional 209,348 shares during the period. Finally, American Century Companies Inc. boosted its stake in Banco Santander by 6.2% during the second quarter. American Century Companies Inc. now owns 3,091,293 shares of the bank's stock worth $14,313,000 after buying an additional 181,558 shares in the last quarter. 9.19% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander Price Performance

SAN stock traded up $0.06 during trading on Friday, hitting $4.91. 1,557,156 shares of the stock traded hands, compared to its average volume of 2,744,784. The stock has a market cap of $77.70 billion, a price-to-earnings ratio of 6.06, a P/E/G ratio of 0.46 and a beta of 1.12. Banco Santander, S.A. has a one year low of $3.83 and a one year high of $5.27. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. The company 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 business also recently announced 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 payout ratio is 20.00%.

Wall Street Analysts Forecast Growth

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

Banco Santander Company 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.