Public Employees Retirement System of Ohio Buys Shares of 126,946 Banco Santander, S.A. (NYSE:SAN)

Public Employees Retirement System of Ohio bought a new stake in shares of Banco Santander, S.A. (NYSE:SAN - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 126,946 shares of the bank's stock, valued at approximately $647,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC grew its stake in shares of Banco Santander by 1.4% during the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank's stock valued at $732,284,000 after acquiring an additional 2,011,150 shares in the last quarter. FMR LLC grew its stake in Banco Santander by 33.9% during the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank's stock valued at $106,558,000 after purchasing an additional 5,290,236 shares in the last quarter. Groupama Asset Managment purchased a new stake in Banco Santander during the 3rd quarter worth approximately $53,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Banco Santander by 5.0% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank's stock valued at $23,459,000 after purchasing an additional 242,000 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC acquired a new stake in shares of Banco Santander during the third quarter worth approximately $22,500,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Banco Santander Stock Performance

NYSE SAN traded down $0.03 during trading hours on Friday, hitting $4.51. The company had a trading volume of 5,568,735 shares, compared to its average volume of 2,773,483. 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 has a market cap of $71.37 billion, a P/E ratio of 5.64, a price-to-earnings-growth ratio of 0.46 and a beta of 1.12. Banco Santander, S.A. has a fifty-two week low of $3.83 and a fifty-two week high of $5.27. The business has a fifty day simple moving average of $4.81 and a 200-day simple moving average of $4.82.

Banco Santander Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Thursday, October 31st were given a $0.08 dividend. The ex-dividend date was Thursday, October 31st. This represents a yield of 3%. Banco Santander's dividend payout ratio is presently 18.75%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SAN shares. Morgan Stanley raised shares of Banco Santander from an "equal weight" rating to an "overweight" rating in a report on Tuesday, November 26th. StockNews.com raised shares of Banco Santander from a "hold" rating to a "buy" rating in a research report on Thursday, November 28th. Finally, UBS Group raised 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.