Banco Santander, S.A. (NYSE:SAN) Shares Purchased by DGS Capital Management LLC

DGS Capital Management LLC boosted its holdings in Banco Santander, S.A. (NYSE:SAN) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 138,138 shares of the bank’s stock after buying an additional 10,974 shares during the period. DGS Capital Management LLC’s holdings in Banco Santander were worth $705,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SAN. Wilmington Savings Fund Society FSB purchased a new stake in Banco Santander in the third quarter valued at approximately $45,000. Sanctuary Advisors LLC grew its stake in shares of Banco Santander by 71.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 93,679 shares of the bank’s stock valued at $478,000 after buying an additional 38,946 shares during the period. Coldstream Capital Management Inc. increased its holdings in shares of Banco Santander by 81.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 20,481 shares of the bank’s stock worth $104,000 after buying an additional 9,170 shares during the last quarter. M&T Bank Corp raised its position in shares of Banco Santander by 7.3% in the 3rd quarter. M&T Bank Corp now owns 100,349 shares of the bank’s stock worth $511,000 after buying an additional 6,829 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Banco Santander in the third quarter valued at $647,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Up 0.6 %

Shares of NYSE SAN traded up $0.03 on Friday, hitting $4.88. The company had a trading volume of 521,288 shares, compared to its average volume of 2,740,071. The firm has a market capitalization of $77.23 billion, a P/E ratio of 6.06, a PEG ratio of 0.46 and a beta of 1.12. 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, S.A. has a 12-month low of $3.83 and a 12-month high of $5.27. The business has a 50 day moving average of $4.85 and a two-hundred day moving average of $4.84.

Banco Santander Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.