Bleakley Financial Group LLC Has $195,000 Stock Holdings in Banco Santander, S.A. (NYSE:SAN)

Bleakley Financial Group LLC increased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 26.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,272 shares of the bank’s stock after purchasing an additional 8,082 shares during the quarter. Bleakley Financial Group LLC’s holdings in Banco Santander were worth $195,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky raised its position in shares of Banco Santander by 5.0% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank’s stock valued at $23,459,000 after acquiring an additional 242,000 shares during the period. American Century Companies Inc. grew its stake in shares of Banco Santander by 6.2% in the second quarter. American Century Companies Inc. now owns 3,091,293 shares of the bank’s stock valued at $14,313,000 after buying an additional 181,558 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Banco Santander by 24.4% in the second quarter. QRG Capital Management Inc. now owns 1,637,838 shares of the bank’s stock valued at $7,583,000 after buying an additional 321,772 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Banco Santander by 33.3% during the first quarter. BNP Paribas Financial Markets now owns 1,430,296 shares of the bank’s stock worth $6,923,000 after purchasing an additional 357,460 shares during the period. Finally, OLD Mission Capital LLC boosted its position in Banco Santander by 56.1% during the first quarter. OLD Mission Capital LLC now owns 1,417,650 shares of the bank’s stock worth $6,861,000 after purchasing an additional 509,541 shares during the period. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Up 0.8 %

Shares of SAN opened at $5.00 on Friday. Banco Santander, S.A. has a 12-month low of $3.57 and a 12-month high of $5.27. The business’s fifty day moving average is $4.92 and its 200 day moving average is $4.88. The stock has a market cap of $79.13 billion, a P/E ratio of 6.49, a P/E/G ratio of 0.44 and a beta of 1.14.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $16.87 billion for the quarter. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. On average, analysts expect 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. Investors of record on Thursday, October 31st will be issued a $0.08 dividend. This represents a yield of 3%. The ex-dividend date of this dividend is Thursday, October 31st. Banco Santander’s dividend payout ratio (DPR) is currently 18.18%.

Analyst Upgrades and Downgrades

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

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.