Pekin Hardy Strauss Inc. Increases Holdings in Banco Santander, S.A. (NYSE:SAN)

Pekin Hardy Strauss Inc. raised its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 100.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,000 shares of the bank’s stock after acquiring an additional 11,500 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Banco Santander were worth $117,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Advisors Asset Management Inc. grew its holdings in shares of Banco Santander by 2.8% during the 1st quarter. Advisors Asset Management Inc. now owns 81,357 shares of the bank’s stock valued at $394,000 after purchasing an additional 2,248 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Banco Santander by 22.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank’s stock worth $59,000 after buying an additional 2,303 shares during the period. Atomi Financial Group Inc. lifted its stake in shares of Banco Santander by 1.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 151,930 shares of the bank’s stock valued at $775,000 after acquiring an additional 2,392 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Banco Santander by 4.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 58,130 shares of the bank’s stock valued at $269,000 after acquiring an additional 2,433 shares during the period. Finally, Aprio Wealth Management LLC grew its position in Banco Santander by 12.4% during the 3rd quarter. Aprio Wealth Management LLC now owns 25,187 shares of the bank’s stock worth $128,000 after acquiring an additional 2,782 shares during the last quarter. 9.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SAN has been the subject of a number of analyst reports. UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. StockNews.com cut shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Banco Santander Stock Up 2.0 %

Shares of NYSE:SAN opened at $4.64 on Tuesday. Banco Santander, S.A. has a 1 year low of $3.83 and a 1 year high of $5.27. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. The stock’s 50-day moving average is $4.92 and its 200 day moving average is $4.87. The company has a market cap of $73.43 billion, a PE ratio of 5.80, a P/E/G ratio of 0.43 and a beta of 1.14.

Banco Santander Cuts Dividend

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

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.