Fisher Asset Management LLC Increases Stock Position in Banco Santander, S.A. (NYSE:SAN)

Fisher Asset Management LLC increased its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 1.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 143,585,152 shares of the bank's stock after buying an additional 2,011,150 shares during the period. Fisher Asset Management LLC owned 0.91% of Banco Santander worth $732,284,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SAN. Creative Planning boosted its position in shares of Banco Santander by 13.5% during the 3rd quarter. Creative Planning now owns 1,341,733 shares of the bank's stock valued at $6,843,000 after acquiring an additional 159,610 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Banco Santander by 24.4% in the 2nd quarter. QRG Capital Management Inc. now owns 1,637,838 shares of the bank's stock worth $7,583,000 after buying an additional 321,772 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Banco Santander by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank's stock valued at $23,352,000 after buying an additional 834,200 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Banco Santander by 2.3% during the 1st quarter. Russell Investments Group Ltd. now owns 249,397 shares of the bank's stock worth $1,207,000 after acquiring an additional 5,634 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Banco Santander by 10.3% in the second quarter. Fifth Third Bancorp now owns 216,836 shares of the bank's stock worth $1,004,000 after acquiring an additional 20,163 shares in the last quarter. Institutional investors own 9.19% of the company's stock.

Banco Santander Trading Up 2.0 %

Banco Santander stock traded up $0.09 during mid-day trading on Monday, reaching $4.64. 1,609,384 shares of the company traded hands, compared to its average volume of 2,747,297. The firm's 50 day moving average price is $4.93 and its 200 day moving average price is $4.88. Banco Santander, S.A. has a 52-week low of $3.83 and a 52-week high of $5.27. 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 market capitalization of $73.43 billion, a price-to-earnings ratio of 5.69, a P/E/G ratio of 0.43 and a beta of 1.14.

Banco Santander Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Thursday, October 31st were paid a $0.08 dividend. 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%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SAN. StockNews.com lowered Banco Santander from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. UBS Group raised shares of Banco Santander from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 4th.

About Banco Santander

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.