Banco Santander (NYSE:SAN) Shares Gap Down – What’s Next?

Banco Santander, S.A. (NYSE:SAN)’s share price gapped down before the market opened on Friday . The stock had previously closed at $4.74, but opened at $4.53. Banco Santander shares last traded at $4.54, with a volume of 1,006,353 shares.

Analyst Ratings Changes

SAN has been the subject of a number of analyst reports. StockNews.com lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

Banco Santander Trading Down 4.0 %

The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. The stock has a market capitalization of $72.01 billion, a price-to-earnings ratio of 5.69, a price-to-earnings-growth ratio of 0.45 and a beta of 1.14. The business has a 50 day simple moving average of $4.93 and a 200-day simple moving average of $4.88.

Banco Santander Cuts Dividend

The business also recently announced 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 payout ratio is 18.75%.

Hedge Funds Weigh In On Banco Santander

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in shares of Banco Santander during the 1st quarter worth $58,000. Russell Investments Group Ltd. increased its stake 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 last quarter. Advisors Asset Management Inc. raised its holdings in shares of Banco Santander by 2.8% in the 1st quarter. Advisors Asset Management Inc. now owns 81,357 shares of the bank’s stock worth $394,000 after purchasing an additional 2,248 shares during the period. Cetera Advisors LLC lifted its stake in shares of Banco Santander by 16.1% in the 1st quarter. Cetera Advisors LLC now owns 20,308 shares of the bank’s stock valued at $98,000 after purchasing an additional 2,822 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in Banco Santander by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock worth $23,352,000 after purchasing an additional 834,200 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

About Banco Santander

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.