Mediolanum International Funds Ltd Takes $1.21 Million Position in Banco Santander, S.A. (NYSE:SAN)

Mediolanum International Funds Ltd acquired a new stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 233,079 shares of the bank's stock, valued at approximately $1,211,000.

Several other large investors have also made changes to their positions in SAN. Advisors Asset Management Inc. raised its position in Banco Santander by 2.8% during the first quarter. Advisors Asset Management Inc. now owns 81,357 shares of the bank's stock valued at $394,000 after acquiring an additional 2,248 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake 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 purchasing an additional 2,303 shares during the period. Atomi Financial Group Inc. boosted its holdings in Banco Santander by 1.6% during the third quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank's stock worth $775,000 after buying an additional 2,392 shares in the last quarter. Sivia Capital Partners LLC grew its position in Banco Santander by 4.4% during the second quarter. Sivia Capital Partners LLC now owns 58,130 shares of the bank's stock valued at $269,000 after buying an additional 2,433 shares during the period. Finally, Aprio Wealth Management LLC increased its holdings in Banco Santander by 12.4% in the third quarter. Aprio Wealth Management LLC now owns 25,187 shares of the bank's stock valued at $128,000 after buying an additional 2,782 shares in the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Banco Santander Trading Up 1.1 %

NYSE:SAN traded up $0.05 during trading hours on Monday, hitting $4.98. 3,146,600 shares of the stock were exchanged, compared to its average volume of 2,701,135. The firm's fifty day moving average price is $4.94 and its 200 day moving average price is $4.88. Banco Santander, S.A. has a 52-week low of $3.60 and a 52-week high of $5.27. The company has a market cap of $78.73 billion, a P/E ratio of 6.46, a P/E/G ratio of 0.43 and a beta of 1.14.

Banco Santander Cuts Dividend

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

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.