Point72 Asset Management L.P. acquired a new position in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 692,375 shares of the bank's stock, valued at approximately $3,531,000.
Other hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new position in Banco Santander in the 2nd quarter valued at approximately $33,000. Planned Solutions Inc. purchased a new position in shares of Banco Santander in the second quarter valued at $47,000. AE Wealth Management LLC purchased a new position in shares of Banco Santander in the second quarter valued at $50,000. Brookstone Capital Management purchased a new position in shares of Banco Santander in the third quarter valued at $54,000. Finally, Joel Isaacson & Co. LLC purchased a new position in shares of Banco Santander in the third quarter valued at $55,000. Institutional investors own 9.19% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. UBS Group raised Banco Santander from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 4th. StockNews.com raised Banco Santander from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. Finally, Morgan Stanley raised Banco Santander from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, November 26th.
View Our Latest Research Report on SAN
Banco Santander Trading Down 0.2 %
Shares of NYSE SAN traded down $0.01 during midday trading on Monday, reaching $4.86. The company had a trading volume of 2,442,694 shares, compared to its average volume of 2,751,533. Banco Santander, S.A. has a one year low of $3.83 and a one year high of $5.27. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. The firm's fifty day moving average price is $4.86 and its 200-day moving average price is $4.84. The stock has a market cap of $76.91 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 0.46 and a beta of 1.12.
Banco Santander Cuts Dividend
The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Thursday, October 31st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 3%. Banco Santander's dividend payout ratio is presently 20.00%.
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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