Banco Santander, S.A. (NYSE:SAN) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in shares of Banco Santander, S.A. (NYSE:SANGet Rating) by 16.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,912 shares of the bank’s stock after acquiring an additional 7,603 shares during the quarter. Advisors Asset Management Inc.’s holdings in Banco Santander were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. National Bank of Canada FI raised its position in Banco Santander by 1.4% in the 1st quarter. National Bank of Canada FI now owns 361,008 shares of the bank’s stock valued at $1,216,000 after purchasing an additional 5,147 shares in the last quarter. OLD Mission Capital LLC lifted its stake in Banco Santander by 85.2% in the second quarter. OLD Mission Capital LLC now owns 796,571 shares of the bank’s stock worth $2,230,000 after acquiring an additional 366,485 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Banco Santander by 15.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 154,060 shares of the bank’s stock worth $520,000 after acquiring an additional 20,769 shares in the last quarter. Naviter Wealth LLC acquired a new stake in shares of Banco Santander in the 2nd quarter valued at $408,000. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Banco Santander during the 1st quarter worth $795,000. 2.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SAN has been the subject of a number of recent analyst reports. Credit Suisse Group lifted their price target on Banco Santander from €4.00 ($4.08) to €4.10 ($4.18) in a report on Monday, October 10th. Morgan Stanley cut their price objective on shares of Banco Santander from €4.30 ($4.39) to €4.00 ($4.08) and set an “equal weight” rating on the stock in a report on Monday, August 1st. UBS Group cut shares of Banco Santander to a “neutral” rating in a report on Tuesday, August 9th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Friday, October 28th. Finally, Royal Bank of Canada dropped their price objective on Banco Santander from €3.10 ($3.16) to €3.00 ($3.06) in a report on Thursday, August 4th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.93.

Banco Santander Stock Up 2.6 %

SAN opened at $2.75 on Tuesday. The business has a 50 day moving average price of $2.56 and a two-hundred day moving average price of $2.65. Banco Santander, S.A. has a 52 week low of $2.26 and a 52 week high of $4.01. The company has a market cap of $46.18 billion, a PE ratio of 4.74 and a beta of 1.13.

Banco Santander Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Tuesday, November 1st were paid a $0.0559 dividend. This is a boost from Banco Santander’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 8.13%. The ex-dividend date of this dividend was Monday, October 31st. Banco Santander’s payout ratio is currently 13.79%.

Banco Santander Profile

(Get Rating)

Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.

Further Reading

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Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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