Apollon Wealth Management LLC Buys 3,663 Shares of Banco Santander, S.A. (NYSE:SAN)

Apollon Wealth Management LLC boosted its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,718 shares of the bank’s stock after buying an additional 3,663 shares during the period. Apollon Wealth Management LLC’s holdings in Banco Santander were worth $509,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in Banco Santander in the 2nd quarter worth about $33,000. Planned Solutions Inc. purchased a new stake in shares of Banco Santander during the second quarter valued at approximately $47,000. AE Wealth Management LLC bought a new stake in shares of Banco Santander during the second quarter valued at approximately $50,000. Brookstone Capital Management purchased a new position in Banco Santander in the 3rd quarter worth approximately $54,000. Finally, Joel Isaacson & Co. LLC bought a new position in Banco Santander in the 3rd quarter valued at approximately $55,000. 9.19% of the stock is owned by institutional investors.

Banco Santander Price Performance

NYSE SAN opened at $4.82 on Friday. 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, S.A. has a 1-year low of $3.83 and a 1-year high of $5.27. The stock has a market capitalization of $76.28 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 0.43 and a beta of 1.14. The business’s fifty day moving average price is $4.93 and its 200-day moving average price is $4.88.

Banco Santander Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Saturday, November 9th.

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.