Banco Santander (NYSE:SAN) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Banco Santander (NYSE:SAN) from a buy rating to a hold rating in a report issued on Wednesday morning.

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

Banco Santander Stock Down 4.0 %

SAN stock opened at $4.55 on Wednesday. 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 52 week low of $3.83 and a 52 week high of $5.27. The stock has a market capitalization of $72.01 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 0.45 and a beta of 1.14. The firm has a 50 day moving average of $4.93 and a 200 day moving average of $4.88.

Banco Santander Cuts Dividend

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

Institutional Trading of Banco Santander

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Banco Santander during the first quarter valued at $58,000. Sei Investments Co. boosted its stake in shares of Banco Santander by 14.7% in the first quarter. Sei Investments Co. now owns 472,939 shares of the bank’s stock worth $2,289,000 after buying an additional 60,728 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Banco Santander by 2.3% during the first quarter. Russell Investments Group Ltd. now owns 249,397 shares of the bank’s stock worth $1,207,000 after acquiring an additional 5,634 shares during the period. O Shaughnessy Asset Management LLC raised its position in Banco Santander by 12.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 613,103 shares of the bank’s stock valued at $2,967,000 after acquiring an additional 67,832 shares in the last quarter. Finally, Lake Street Advisors Group LLC lifted its holdings in Banco Santander by 18.2% in the first quarter. Lake Street Advisors Group LLC now owns 49,150 shares of the bank’s stock valued at $238,000 after acquiring an additional 7,555 shares during the period. 9.19% of the stock is owned by hedge funds and other 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.