Charles Schwab Investment Management Inc. Buys 193,255 Shares of Banco Santander, S.A. (NYSE:SAN)

Charles Schwab Investment Management Inc. lifted its stake in Banco Santander, S.A. (NYSE:SAN) by 23.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,024,556 shares of the bank’s stock after buying an additional 193,255 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Banco Santander were worth $5,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in shares of Banco Santander during the 2nd quarter worth approximately $33,000. Planned Solutions Inc. purchased a new stake in Banco Santander in the second quarter worth about $47,000. Brookstone Capital Management purchased a new stake in Banco Santander in the third quarter worth about $54,000. AE Wealth Management LLC bought a new position in shares of Banco Santander in the second quarter worth approximately $50,000. Finally, Joel Isaacson & Co. LLC bought a new position in shares of Banco Santander in the third quarter worth approximately $55,000. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Price Performance

Banco Santander stock opened at $4.85 on Friday. 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 cap of $76.75 billion, a P/E ratio of 6.08, a PEG ratio of 0.46 and a beta of 1.12. The company has a 50-day moving average price of $4.85 and a 200 day moving average price of $4.84. Banco Santander, S.A. has a 12-month low of $3.83 and a 12-month high of $5.27.

Banco Santander Cuts Dividend

The business 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. This represents a yield of 3%. The ex-dividend date was Thursday, October 31st. Banco Santander’s dividend payout ratio is presently 18.75%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. Finally, UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

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.