Creative Planning Boosts Stock Position in Banco Santander, S.A. (NYSE:SAN)

Creative Planning raised its position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) by 13.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,341,733 shares of the bank's stock after purchasing an additional 159,610 shares during the period. Creative Planning's holdings in Banco Santander were worth $6,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. raised its position in Banco Santander by 2.8% during the 1st quarter. Advisors Asset Management Inc. now owns 81,357 shares of the bank's stock valued at $394,000 after purchasing an additional 2,248 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Banco Santander by 22.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank's stock valued at $59,000 after acquiring an additional 2,303 shares during the period. Atomi Financial Group Inc. increased its holdings in shares of Banco Santander by 1.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank's stock valued at $775,000 after acquiring an additional 2,392 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Banco Santander by 4.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 58,130 shares of the bank's stock valued at $269,000 after acquiring an additional 2,433 shares during the period. Finally, Aprio Wealth Management LLC increased its holdings in shares of Banco Santander by 12.4% in the 3rd quarter. Aprio Wealth Management LLC now owns 25,187 shares of the bank's stock valued at $128,000 after acquiring an additional 2,782 shares during the period. 9.19% of the stock is owned by institutional investors.

Banco Santander Stock Performance

SAN stock traded up $0.04 on Thursday, hitting $5.00. 2,919,190 shares of the company's stock were exchanged, compared to its average volume of 2,700,859. Banco Santander, S.A. has a 12-month low of $3.57 and a 12-month high of $5.27. The firm has a 50 day moving average price of $4.92 and a two-hundred day moving average price of $4.88. The stock has a market cap of $79.13 billion, a P/E ratio of 6.49, a price-to-earnings-growth ratio of 0.44 and a beta of 1.14.

Banco Santander (NYSE:SAN - Get Free Report) last announced its earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. The firm had revenue of $16.87 billion for the quarter. Sell-side analysts expect that Banco Santander, S.A. will post 0.83 earnings per share for the current fiscal year.

Banco Santander Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Investors of record on Thursday, October 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, October 31st. This represents a yield of 3%. Banco Santander's dividend payout ratio (DPR) is 18.18%.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Banco Santander from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 4th.

Banco Santander 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.