SG Americas Securities LLC increased its stake in shares of Banco Santander SA (NYSE:SAN) by 19.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,524,693 shares of the bank’s stock after buying an additional 251,331 shares during the quarter. SG Americas Securities LLC’s holdings in Banco Santander were worth $6,129,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. American Assets Investment Management LLC lifted its position in shares of Banco Santander by 7.5% during the 3rd quarter. American Assets Investment Management LLC now owns 572,233 shares of the bank’s stock worth $2,300,000 after buying an additional 40,000 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Banco Santander by 20.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 451,101 shares of the bank’s stock valued at $1,813,000 after purchasing an additional 75,145 shares in the last quarter. Kovack Advisors Inc. increased its holdings in Banco Santander by 104.7% during the 3rd quarter. Kovack Advisors Inc. now owns 31,602 shares of the bank’s stock valued at $127,000 after purchasing an additional 16,165 shares in the last quarter. Cerity Partners LLC increased its holdings in Banco Santander by 107.8% during the 3rd quarter. Cerity Partners LLC now owns 39,094 shares of the bank’s stock valued at $157,000 after purchasing an additional 20,283 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Banco Santander by 30.1% during the 3rd quarter. Fisher Asset Management LLC now owns 110,728,157 shares of the bank’s stock valued at $445,127,000 after purchasing an additional 25,593,596 shares in the last quarter. Institutional investors and hedge funds own 1.92% of the company’s stock.
Shares of NYSE:SAN traded down $0.06 during midday trading on Friday, hitting $4.12. The company had a trading volume of 7,801,918 shares, compared to its average volume of 9,870,615. Banco Santander SA has a 12 month low of $3.65 and a 12 month high of $5.25. The company has a current ratio of 0.20, a quick ratio of 2.08 and a debt-to-equity ratio of 11.13. The stock has a market cap of $67.06 billion, a price-to-earnings ratio of 7.49 and a beta of 1.21. The firm has a fifty day simple moving average of $4.09 and a 200 day simple moving average of $4.30.
The business also recently declared a dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, October 31st were given a $0.081 dividend. The ex-dividend date was Wednesday, October 30th. Banco Santander’s dividend payout ratio is currently 30.91%.
A number of research firms recently weighed in on SAN. Barclays reaffirmed a “neutral” rating and set a $80.00 price target on shares of Banco Santander in a report on Thursday, October 31st. HSBC raised Banco Santander from a “reduce” rating to a “hold” rating in a research note on Wednesday, August 21st. Keefe, Bruyette & Woods cut Banco Santander from an “outperform” rating to an “underperform” rating in a research note on Thursday, October 31st. ValuEngine raised Banco Santander from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, UBS Group reissued a “buy” rating and issued a $89.50 target price on shares of Banco Santander in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $70.11.
Banco Santander Company Profile
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.
Further Reading: Cost of Debt
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