Banco Santander (NYSE:SAN) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Banco Santander (NYSE:SAN) from a buy rating to a hold rating in a research report released on Wednesday.

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

Banco Santander Stock Performance

NYSE:SAN opened at $4.76 on Wednesday. The firm has a market capitalization of $75.33 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 0.45 and a beta of 1.14. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. Banco Santander has a 12-month low of $3.83 and a 12-month high of $5.27. The firm has a 50-day moving average price of $4.94 and a 200 day moving average price of $4.88.

Banco Santander Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Thursday, October 31st were given a $0.08 dividend. This represents a yield of 3%. The ex-dividend date of this dividend was Thursday, October 31st. Banco Santander’s dividend payout ratio (DPR) is presently 18.75%.

Institutional Trading of Banco Santander

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its stake in Banco Santander by 1.4% during the 3rd quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock worth $732,284,000 after acquiring an additional 2,011,150 shares during the last quarter. FMR LLC boosted its position in shares of Banco Santander by 33.9% during the third quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock worth $106,558,000 after purchasing an additional 5,290,236 shares in the last quarter. Groupama Asset Managment acquired a new position in shares of Banco Santander in the 3rd quarter valued at $53,000. Teachers Retirement System of The State of Kentucky raised its stake in Banco Santander by 5.0% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank’s stock worth $23,459,000 after buying an additional 242,000 shares during the period. Finally, Chevy Chase Trust Holdings LLC bought a new position in Banco Santander during the third quarter worth about $22,500,000. 9.19% of the stock is owned by institutional investors.

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.