Joel Isaacson & Co. LLC bought a new position in Banco Santander, S.A. (NYSE:SAN – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 10,868 shares of the bank’s stock, valued at approximately $55,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its position in 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 acquiring an additional 2,248 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in Banco Santander by 22.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 12,722 shares of the bank’s stock valued at $59,000 after acquiring an additional 2,303 shares during the period. Atomi Financial Group Inc. lifted its position in Banco Santander by 1.6% during 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 period. Sivia Capital Partners LLC lifted its position 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 lifted 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 valued at $128,000 after acquiring an additional 2,782 shares during the period. 9.19% of the stock is owned by hedge funds and other institutional investors.
Banco Santander Stock Performance
NYSE:SAN opened at $4.92 on Friday. The firm has a market cap 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 fifty-two week low of $3.60 and a fifty-two week high of $5.27. The firm has a 50-day simple moving average of $4.94 and a two-hundred day simple moving average of $4.88.
Banco Santander Cuts Dividend
The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, October 31st. This represents a yield of 3%. Banco Santander’s dividend payout ratio is currently 22.22%.
Analysts Set New Price Targets
Separately, UBS Group raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.
Read Our Latest Report on Banco Santander
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.
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