Oppenheimer & Co. Inc. reduced its holdings in Banco Santander, S.A. (NYSE:SAN - Free Report) by 79.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,784 shares of the bank's stock after selling 655,238 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Banco Santander were worth $856,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new stake in Banco Santander during the 2nd quarter valued at $33,000. Planned Solutions Inc. bought a new stake in Banco Santander in the second quarter worth approximately $47,000. AE Wealth Management LLC bought a new position in shares of Banco Santander during the 2nd quarter valued at $50,000. Brookstone Capital Management acquired a new stake in shares of Banco Santander in the third quarter worth about $54,000. Finally, Joel Isaacson & Co. LLC acquired a new position in Banco Santander during the third quarter valued at approximately $55,000. 9.19% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts recently issued reports on SAN shares. UBS Group raised shares of Banco Santander from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 4th. StockNews.com upgraded Banco Santander from a "hold" rating to a "buy" rating in a research note on Saturday, November 9th.
Check Out Our Latest Analysis on Banco Santander
Banco Santander Stock Performance
NYSE:SAN traded down $0.04 during trading hours on Wednesday, hitting $4.76. 2,227,942 shares of the company traded hands, compared to its average volume of 2,740,868. The firm has a 50-day moving average of $4.94 and a 200 day moving average of $4.88. Banco Santander, S.A. has a twelve month low of $3.83 and a twelve month high of $5.27. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. The stock has a market capitalization of $75.33 billion, a price-to-earnings ratio of 5.95, a P/E/G ratio of 0.45 and a beta of 1.14.
Banco Santander Cuts Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 3%. Banco Santander's dividend payout ratio (DPR) is 18.75%.
About Banco Santander
(
Free Report)
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.
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