Raymond James & Associates Grows Position in Banco Santander, S.A. (NYSE:SAN)

Raymond James & Associates increased its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 561,559 shares of the bank’s stock after acquiring an additional 11,449 shares during the quarter. Raymond James & Associates’ holdings in Banco Santander were worth $2,864,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Rothschild Investment LLC purchased a new stake in shares of Banco Santander in the 2nd quarter valued at approximately $33,000. Planned Solutions Inc. purchased a new stake in shares of Banco Santander during the 2nd quarter worth approximately $47,000. AE Wealth Management LLC acquired a new position in shares of Banco Santander in the 2nd quarter valued at $50,000. Norden Group LLC purchased a new position in shares of Banco Santander during the first quarter worth about $52,000. Finally, Brookstone Capital Management acquired a new stake in shares of Banco Santander during the third quarter worth about $54,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Price Performance

Banco Santander stock opened at $4.98 on Tuesday. The stock has a market capitalization of $78.81 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 0.47 and a beta of 1.14. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. Banco Santander, S.A. has a 12 month low of $3.71 and a 12 month high of $5.27. The business has a 50 day simple moving average of $4.95 and a 200-day simple moving average of $4.89.

Banco Santander Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Investors of record on Thursday, October 31st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 3%. Banco Santander’s dividend payout ratio (DPR) is presently 20.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. 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 lowered Banco Santander from a “buy” rating to a “hold” rating in a report on Friday.

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.