Banco Santander (NYSE:SAN) Upgraded at StockNews.com

StockNews.com upgraded shares of Banco Santander (NYSE:SAN) from a buy rating to a strong-buy rating in a report issued on Monday.

Separately, Barclays upgraded Banco Santander from an equal weight rating to an overweight rating in a report on Monday, March 25th.

Banco Santander Stock Up 0.7 %

SAN stock opened at $5.07 on Monday. The company has a 50 day moving average of $4.67 and a two-hundred day moving average of $4.24. The company has a market cap of $80.16 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.46 and a beta of 1.19. Banco Santander has a 12-month low of $3.20 and a 12-month high of $5.17. The company has a quick ratio of 0.35, a current ratio of 2.27 and a debt-to-equity ratio of 13.96.

Banco Santander Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 7th. Investors of record on Tuesday, April 30th were given a dividend of $0.1027 per share. This represents a yield of 3.2%. The ex-dividend date of this dividend was Monday, April 29th. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.09. Banco Santander’s dividend payout ratio (DPR) is presently 19.44%.

Institutional Trading of Banco Santander

Large investors have recently added to or reduced their stakes in the business. Principal Securities Inc. bought a new stake in Banco Santander in the fourth quarter worth $35,000. Glassman Wealth Services boosted its stake in shares of Banco Santander by 56.3% during the 4th quarter. Glassman Wealth Services now owns 9,565 shares of the bank’s stock worth $40,000 after acquiring an additional 3,444 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in shares of Banco Santander by 1,853.0% during the 1st quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock valued at $40,000 after acquiring an additional 7,931 shares during the last quarter. Riversedge Advisors LLC acquired a new stake in Banco Santander in the 4th quarter worth approximately $42,000. Finally, Coldstream Capital Management Inc. bought a new stake in Banco Santander during the fourth quarter worth approximately $42,000. 9.19% of the stock is owned by institutional investors.

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.