Sei Investments Co. lifted its holdings in Banco Santander, S.A. (NYSE:SAN – Free Report) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 493,836 shares of the bank’s stock after buying an additional 20,897 shares during the period. Sei Investments Co.’s holdings in Banco Santander were worth $2,286,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in Banco Santander during the second quarter worth approximately $33,000. Financial Management Professionals Inc. boosted its holdings in shares of Banco Santander by 1,853.0% in the 1st quarter. Financial Management Professionals Inc. now owns 8,359 shares of the bank’s stock worth $40,000 after purchasing an additional 7,931 shares during the period. Sunpointe LLC purchased a new position in shares of Banco Santander in the 4th quarter worth approximately $43,000. Planned Solutions Inc. purchased a new stake in Banco Santander during the 2nd quarter valued at $47,000. Finally, AE Wealth Management LLC bought a new stake in Banco Santander in the second quarter worth $50,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.
Banco Santander Stock Up 1.4 %
Shares of Banco Santander stock opened at $4.96 on Friday. Banco Santander, S.A. has a 52 week low of $3.52 and a 52 week high of $5.27. The company has a market capitalization of $78.49 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 0.41 and a beta of 1.14. The stock’s fifty day moving average is $4.81 and its two-hundred day moving average is $4.86.
Banco Santander Cuts Dividend
The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Investors of record on Thursday, October 31st will be issued a $0.08 dividend. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 3%. Banco Santander’s payout ratio is 22.22%.
Analyst Upgrades and Downgrades
SAN has been the subject of several analyst reports. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. StockNews.com downgraded shares of Banco Santander from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd.
Check Out Our Latest Stock Analysis on Banco Santander
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.
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