22,888 Shares in Banco Santander, S.A. (NYSE:SAN) Bought by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC acquired a new stake in shares of Banco Santander, S.A. (NYSE:SAN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 22,888 shares of the bank’s stock, valued at approximately $117,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new position in Banco Santander in the second quarter worth about $33,000. Planned Solutions Inc. bought a new position in shares of Banco Santander in the 2nd quarter worth approximately $47,000. Brookstone Capital Management bought a new stake in shares of Banco Santander during the third quarter valued at approximately $54,000. AE Wealth Management LLC purchased a new stake in Banco Santander in the second quarter worth $50,000. Finally, Joel Isaacson & Co. LLC bought a new position in Banco Santander in the third quarter worth $55,000. 9.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Banco Santander Price Performance

SAN opened at $4.91 on Friday. The firm has a market cap of $77.70 billion, a PE ratio of 6.14, a P/E/G ratio of 0.46 and a beta of 1.12. The stock has a 50-day moving average price of $4.85 and a 200-day moving average price of $4.84. Banco Santander, S.A. has a 1 year low of $3.83 and a 1 year high of $5.27. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23.

Banco Santander Cuts Dividend

The company 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. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 3%. Banco Santander’s payout ratio is currently 18.75%.

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.