Horizon Kinetics Asset Management LLC Has $1.20 Million Stake in Banco Santander, S.A. (NYSE:SAN)

Horizon Kinetics Asset Management LLC boosted its stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 467.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 235,177 shares of the bank's stock after buying an additional 193,767 shares during the period. Horizon Kinetics Asset Management LLC's holdings in Banco Santander were worth $1,199,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SAN. Advisors Asset Management Inc. grew its holdings in shares of Banco Santander by 2.8% during the first quarter. Advisors Asset Management Inc. now owns 81,357 shares of the bank's stock worth $394,000 after buying an additional 2,248 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Banco Santander by 22.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank's stock worth $59,000 after acquiring an additional 2,303 shares during the last quarter. Atomi Financial Group Inc. grew its stake in shares of Banco Santander by 1.6% during 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 raised its holdings in shares of Banco Santander by 4.4% in the second quarter. Sivia Capital Partners LLC now owns 58,130 shares of the bank's stock valued at $269,000 after purchasing an additional 2,433 shares during the last quarter. Finally, Aprio Wealth Management LLC lifted its position in shares of Banco Santander by 12.4% in the third quarter. Aprio Wealth Management LLC now owns 25,187 shares of the bank's stock worth $128,000 after purchasing an additional 2,782 shares in the last quarter. Institutional investors own 9.19% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of Banco Santander from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Morgan Stanley upgraded Banco Santander from an "equal weight" rating to an "overweight" rating in a report on Tuesday. Finally, UBS Group upgraded Banco Santander from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 4th.

Banco Santander Stock Down 0.6 %

Shares of NYSE:SAN traded down $0.03 during midday trading on Tuesday, hitting $4.61. The stock had a trading volume of 2,355,329 shares, compared to its average volume of 2,757,386. The company has a market cap of $72.96 billion, a P/E ratio of 5.76, a PEG ratio of 0.43 and a beta of 1.14. Banco Santander, S.A. has a 12 month low of $3.83 and a 12 month high of $5.27. The business's 50-day simple moving average is $4.92 and its 200-day simple moving average is $4.87. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08.

Banco Santander Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Stockholders of record on Thursday, October 31st were paid 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 presently 20.00%.

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.