Joel Isaacson & Co. LLC Invests $55,000 in Banco Santander, S.A. (NYSE:SAN)

Joel Isaacson & Co. LLC bought a new position in Banco Santander, S.A. (NYSE:SAN) 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 (NYSE:SAN) last released its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $16.87 billion during the quarter. Banco Santander had a net margin of 15.35% and a return on equity of 11.42%. On average, equities research analysts predict that Banco Santander, S.A. will post 0.83 EPS for the current year.

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.

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.