Banco Santander, S.A. (NYSE:SAN) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its holdings in Banco Santander, S.A. (NYSE:SAN) by 33.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 129,555 shares of the bank’s stock after purchasing an additional 32,211 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Banco Santander were worth $661,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Rothschild Investment LLC purchased a new position in Banco Santander in the 2nd quarter valued at approximately $33,000. Planned Solutions Inc. purchased a new position in Banco Santander in the second quarter valued at $47,000. AE Wealth Management LLC acquired a new position in Banco Santander during the 2nd quarter worth $50,000. Brookstone Capital Management purchased a new stake in Banco Santander during the 3rd quarter worth about $54,000. Finally, Joel Isaacson & Co. LLC purchased a new position in shares of Banco Santander in the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on SAN. UBS Group raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Finally, Morgan Stanley upgraded shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th.

Banco Santander Price Performance

SAN stock opened at $4.87 on Tuesday. The stock has a market cap of $77.07 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 0.46 and a beta of 1.12. Banco Santander, S.A. has a fifty-two week low of $3.83 and a fifty-two week high of $5.27. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. The business has a 50 day moving average price of $4.85 and a 200 day moving average price of $4.83.

Banco Santander Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 6th. Stockholders of record on Thursday, October 31st were issued a $0.08 dividend. This represents a dividend yield of 3%. The ex-dividend date of this dividend was Thursday, October 31st. Banco Santander’s payout ratio is 20.00%.

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.