Banco Santander (NYSE:SAN) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Banco Santander (NYSE:SAN) from a hold rating to a buy rating in a research report sent to investors on Thursday.

SAN has been the subject of a number of other reports. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday.

Banco Santander Stock Performance

Banco Santander stock opened at $4.62 on Thursday. 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 firm has a 50-day moving average of $4.90 and a 200-day moving average of $4.87. The firm has a market cap of $73.11 billion, a P/E ratio of 5.78, a P/E/G ratio of 0.44 and a beta of 1.14. Banco Santander has a 1-year low of $3.83 and a 1-year high of $5.27.

Banco Santander Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 3%. Banco Santander’s dividend payout ratio (DPR) is presently 18.75%.

Institutional Trading of Banco Santander

Several institutional investors and hedge funds have recently bought and sold shares of SAN. Groupama Asset Managment purchased a new stake in Banco Santander in the third quarter worth about $53,000. FMR LLC increased its stake in shares of Banco Santander by 33.9% during the third quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock valued at $106,558,000 after purchasing an additional 5,290,236 shares in the last quarter. Chevy Chase Trust Holdings LLC bought a new position in shares of Banco Santander during the third quarter valued at approximately $22,500,000. Fisher Asset Management LLC increased its stake in shares of Banco Santander by 1.4% during the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock valued at $732,284,000 after purchasing an additional 2,011,150 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Banco Santander by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after purchasing an additional 834,200 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

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.