Mediolanum International Funds Ltd Takes Position in Banco Santander, S.A. (NYSE:SAN)

Mediolanum International Funds Ltd purchased a new stake in shares of Banco Santander, S.A. (NYSE:SAN) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 233,079 shares of the bank’s stock, valued at approximately $1,211,000.

Other hedge funds also recently made changes to their positions in the company. Creative Planning raised its holdings in shares of 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 buying an additional 159,610 shares during the last quarter. QRG Capital Management Inc. raised its holdings in Banco Santander by 18.3% during the first quarter. QRG Capital Management Inc. now owns 1,316,066 shares of the bank’s stock worth $6,370,000 after purchasing an additional 203,274 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in 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 worth $23,352,000 after purchasing an additional 834,200 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Banco Santander by 2.3% during the first quarter. Russell Investments Group Ltd. now owns 249,397 shares of the bank’s stock worth $1,207,000 after purchasing an additional 5,634 shares in the last quarter. Finally, Capital Wealth Planning LLC raised its holdings in Banco Santander by 216.2% during the first quarter. Capital Wealth Planning LLC now owns 294,147 shares of the bank’s stock worth $1,424,000 after purchasing an additional 201,134 shares in the last quarter. Institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

Banco Santander Stock Performance

NYSE SAN opened at $4.92 on Monday. The stock has a market capitalization of $77.86 billion, a P/E ratio of 6.83, a P/E/G ratio of 0.44 and a beta of 1.14. Banco Santander, S.A. has a 1 year low of $3.60 and a 1 year high of $5.27. The business’s fifty day moving average is $4.94 and its two-hundred day moving average is $4.88.

Banco Santander Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st will be issued a $0.08 dividend. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 3%. Banco Santander’s dividend payout ratio is currently 22.22%.

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.