148,178 Banco Santander, S.A. $SAN Shares Purchased by Ethic Inc.

Ethic Inc. raised its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 39.1% in the 3rd quarter, Holdings Channel reports. The firm owned 527,302 shares of the bank’s stock after purchasing an additional 148,178 shares during the quarter. Ethic Inc.’s holdings in Banco Santander were worth $7,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bank of America Corp DE lifted its position in shares of Banco Santander by 118.9% in the 1st quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock worth $128,741,000 after buying an additional 6,198,828 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Banco Santander by 37.9% during the 1st quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock valued at $28,955,000 after buying an additional 705,034 shares during the last quarter. Compass Rose Asset Management LP bought a new stake in shares of Banco Santander during the 1st quarter valued at about $7,163,000. Bank of New York Mellon Corp grew its position in shares of Banco Santander by 32.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,535,847 shares of the bank’s stock valued at $17,324,000 after buying an additional 373,646 shares during the last quarter. Finally, Assetmark Inc. raised its stake in Banco Santander by 257.4% during the first quarter. Assetmark Inc. now owns 399,352 shares of the bank’s stock worth $4,505,000 after acquiring an additional 287,621 shares during the period. 9.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Jefferies Financial Group cut shares of Banco Santander from a “buy” rating to a “hold” rating in a report on Tuesday, October 20th. Wall Street Zen downgraded Banco Santander from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Mediobanca reaffirmed an “outperform” rating on shares of Banco Santander in a report on Tuesday, September 15th. Barclays reiterated a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 14th. Finally, DZ Bank reissued a “neutral” rating on shares of Banco Santander in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.10.

Banco Santander Stock Performance

Banco Santander stock opened at $12.44 on Tuesday. Banco Santander, S.A. has a one year low of $10.05 and a one year high of $15.05. The company has a 50-day simple moving average of $13.56 and a 200-day simple moving average of $12.94. The firm has a market capitalization of $182.66 billion, a P/E ratio of 11.18, a P/E/G ratio of 0.59 and a beta of 0.78.

Banco Santander Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, November 5th. Shareholders of record on Friday, October 30th were given a dividend of $0.1439 per share. This represents a yield of 257.0%. The ex-dividend date was Friday, October 30th. Banco Santander’s payout ratio is 16.26%.

About Banco Santander

Banco Santander is a Spain-based international banking group founded in 1857. Headquartered in Boadilla del Monte, Spain, it provides financial services to individuals, businesses and institutions through its banking and related businesses.

The company’s services include retail and commercial banking, consumer finance, corporate and investment banking, payments, and wealth management. Its offerings include deposit accounts, loans, credit cards, and financial advice and investment services.

Santander serves customers across Europe and the Americas, with operations in markets including Spain, the United Kingdom, the United States, Brazil and Mexico.