Citigroup Inc. Acquires 36,221 Shares of Banco Santander, S.A. (NYSE:SAN)

Citigroup Inc. boosted its holdings in Banco Santander, S.A. (NYSE:SAN) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 878,014 shares of the bank’s stock after purchasing an additional 36,221 shares during the quarter. Citigroup Inc.’s holdings in Banco Santander were worth $4,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning grew its stake in Banco Santander by 13.5% during the third quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock valued at $6,843,000 after acquiring an additional 159,610 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Banco Santander by 24.4% during the second quarter. QRG Capital Management Inc. now owns 1,637,838 shares of the bank’s stock valued at $7,583,000 after purchasing an additional 321,772 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Banco Santander by 5.0% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank’s stock worth $23,459,000 after purchasing an additional 242,000 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Banco Santander by 10.3% in the second quarter. Fifth Third Bancorp now owns 216,836 shares of the bank’s stock worth $1,004,000 after buying an additional 20,163 shares in the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in Banco Santander during the 3rd quarter valued at approximately $1,211,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

NYSE SAN opened at $4.61 on Tuesday. The business’s 50 day moving average price is $4.89 and its 200-day moving average price is $4.86. Banco Santander, S.A. has a fifty-two week low of $3.83 and a fifty-two week high of $5.27. The company has a market cap of $72.96 billion, a P/E ratio of 5.76, a P/E/G ratio of 0.44 and a beta of 1.14. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33.

Banco Santander Cuts Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 26th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. 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.

Banco Santander Company 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.