Chevy Chase Trust Holdings LLC bought a new position in Banco Santander, S.A. (NYSE:SAN - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,411,684 shares of the bank's stock, valued at approximately $22,500,000.
A number of other institutional investors and hedge funds have also modified their holdings of SAN. Rothschild Investment LLC acquired a new stake in Banco Santander during the second quarter valued at $33,000. Planned Solutions Inc. acquired a new position in shares of Banco Santander during the 2nd quarter worth about $47,000. AE Wealth Management LLC acquired a new position in shares of Banco Santander during the 2nd quarter worth about $50,000. Brookstone Capital Management acquired a new position in shares of Banco Santander during the 3rd quarter worth about $54,000. Finally, Joel Isaacson & Co. LLC bought a new position in Banco Santander during the third quarter valued at about $55,000. Hedge funds and other institutional investors own 9.19% of the company's stock.
Banco Santander Price Performance
Shares of SAN stock traded up $0.05 during trading hours on Wednesday, hitting $4.69. The company had a trading volume of 2,364,598 shares, compared to its average volume of 2,746,828. Banco Santander, S.A. has a 12 month low of $3.83 and a 12 month high of $5.27. The firm 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. The firm's fifty day moving average is $4.87 and its 200 day moving average is $4.85. 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 disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.08 per share. This represents a yield of 3%. The ex-dividend date was Thursday, October 31st. Banco Santander's dividend payout ratio is 20.00%.
Analysts Set New Price Targets
Several brokerages recently issued reports on SAN. StockNews.com upgraded Banco Santander from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. UBS Group upgraded Banco Santander from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 4th. Finally, Morgan Stanley upgraded Banco Santander from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, November 26th.
View Our Latest Analysis on SAN
Banco Santander Profile
(
Free Report)
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.
Further Reading
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