Banco Santander, S.A. (NYSE:SAN) Shares Acquired by DRW Securities LLC

DRW Securities LLC increased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 40.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,898 shares of the bank’s stock after acquiring an additional 6,065 shares during the quarter. DRW Securities LLC’s holdings in Banco Santander were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Banco Santander in the 1st quarter valued at about $58,000. Advisors Asset Management Inc. increased its stake in Banco Santander by 2.8% during the first quarter. Advisors Asset Management Inc. now owns 81,357 shares of the bank’s stock worth $394,000 after acquiring an additional 2,248 shares during the last quarter. Cetera Advisors LLC raised its position in Banco Santander by 16.1% in the first quarter. Cetera Advisors LLC now owns 20,308 shares of the bank’s stock valued at $98,000 after purchasing an additional 2,822 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Banco Santander by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after purchasing an additional 834,200 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Banco Santander by 16.8% during the 2nd quarter. GAMMA Investing LLC now owns 24,719 shares of the bank’s stock worth $114,000 after purchasing an additional 3,563 shares during the period. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

Shares of Banco Santander stock opened at $4.63 on Thursday. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. The stock has a market capitalization of $73.27 billion, a price-to-earnings ratio of 5.79, a price-to-earnings-growth ratio of 0.44 and a beta of 1.14. The business has a 50-day moving average of $4.91 and a 200 day moving average of $4.87. Banco Santander, S.A. has a 12 month low of $3.83 and a 12 month high of $5.27.

Banco Santander Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Thursday, October 31st were issued a $0.08 dividend. This represents a dividend yield of 3%. The ex-dividend date was Thursday, October 31st. Banco Santander’s dividend payout ratio (DPR) is currently 20.00%.

Analyst Ratings Changes

A number of research firms have commented on SAN. UBS Group raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research report on Tuesday.

Banco Santander 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.