10,403,192 Shares in Banco Santander, S.A. (NYSE:SAN) Purchased by Groupama Asset Managment

Groupama Asset Managment acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,403,192 shares of the bank's stock, valued at approximately $53,000. Groupama Asset Managment owned 0.07% of Banco Santander as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new position in Banco Santander in the 2nd quarter valued at about $33,000. Planned Solutions Inc. purchased a new position in shares of Banco Santander in the second quarter valued at approximately $47,000. Brookstone Capital Management acquired a new stake in shares of Banco Santander in the third quarter worth approximately $54,000. AE Wealth Management LLC acquired a new position in Banco Santander in the 2nd quarter valued at $50,000. Finally, Joel Isaacson & Co. LLC purchased a new position in Banco Santander in the 3rd quarter valued at $55,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Banco Santander Trading Up 0.5 %

Shares of SAN stock traded up $0.02 on Tuesday, hitting $4.89. 1,799,127 shares of the stock traded hands, compared to its average volume of 2,750,379. 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, S.A. has a twelve month low of $3.83 and a twelve month high of $5.27. The firm's 50-day moving average price is $4.85 and its two-hundred day moving average price is $4.84. The stock has a market capitalization of $77.31 billion, a PE ratio of 6.11, a PEG ratio of 0.46 and a beta of 1.12.

Banco Santander Cuts Dividend

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

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.