Banco Santander, S.A. (NYSE:SAN) Stock Holdings Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 51.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,293 shares of the bank’s stock after purchasing an additional 31,978 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Banco Santander were worth $481,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SAN. Creative Planning increased its position in Banco Santander by 13.5% in the 3rd quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock valued at $6,843,000 after acquiring an additional 159,610 shares during the period. QRG Capital Management Inc. boosted its stake in Banco Santander by 18.3% during the 1st quarter. QRG Capital Management Inc. now owns 1,316,066 shares of the bank’s stock valued at $6,370,000 after purchasing an additional 203,274 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake 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 valued at $23,352,000 after purchasing an additional 834,200 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Banco Santander by 2.3% during the 1st quarter. Russell Investments Group Ltd. now owns 249,397 shares of the bank’s stock valued at $1,207,000 after purchasing an additional 5,634 shares in the last quarter. Finally, Capital Wealth Planning LLC boosted its stake in shares of Banco Santander by 216.2% during the 1st quarter. Capital Wealth Planning LLC now owns 294,147 shares of the bank’s stock worth $1,424,000 after acquiring an additional 201,134 shares in the last quarter. 9.19% of the stock is owned by institutional investors.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $4.96 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. Banco Santander, S.A. has a 1 year low of $3.71 and a 1 year high of $5.27. The business has a fifty day simple moving average of $4.95 and a 200 day simple moving average of $4.89. The firm has a market cap of $78.49 billion, a price-to-earnings ratio of 6.20, a P/E/G ratio of 0.47 and a beta of 1.14.

Banco Santander Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 3%. Banco Santander’s dividend payout ratio (DPR) is currently 17.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com lowered Banco Santander from a “buy” rating to a “hold” rating in a research note on Friday. UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

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.