Banco Santander (NYSE:SAN) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Banco Santander (NYSE:SAN) from an equal weight rating to an overweight rating in a report published on Tuesday, Marketbeat Ratings reports.

SAN has been the topic of a number of other reports. UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. StockNews.com cut shares of Banco Santander from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

Banco Santander Stock Up 0.2 %

SAN stock opened at $4.62 on Tuesday. Banco Santander has a twelve month low of $3.83 and a twelve month high of $5.27. The stock has a market cap of $73.11 billion, a P/E ratio of 5.78, a PEG ratio of 0.44 and a beta of 1.14. The business’s 50-day moving average price is $4.90 and its 200-day moving average price is $4.87. 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 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 issued a dividend of $0.08 per share. This represents a yield of 3%. The ex-dividend date was Thursday, October 31st. Banco Santander’s dividend payout ratio is presently 18.75%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SAN. Fisher Asset Management LLC increased its holdings in shares of Banco Santander by 1.4% in the 3rd quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock worth $732,284,000 after buying an additional 2,011,150 shares during the last quarter. FMR LLC raised its position in Banco Santander by 33.9% during the third quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock valued at $106,558,000 after purchasing an additional 5,290,236 shares during the period. Groupama Asset Managment purchased a new position in shares of Banco Santander in the 3rd quarter worth approximately $53,000. Teachers Retirement System of The State of Kentucky increased its position in shares of Banco Santander by 5.0% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,066,760 shares of the bank’s stock valued at $23,459,000 after purchasing an additional 242,000 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC bought a new stake in Banco Santander in the third quarter worth $22,500,000. 9.19% of the stock is owned by hedge funds and other institutional investors.

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.