Banco Santander (NYSE:SAN) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of Banco Santander (NYSE:SAN) from a buy rating to a hold rating in a research report released on Wednesday morning.

Separately, UBS Group raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

Banco Santander Trading Down 3.8 %

Shares of SAN opened at $4.56 on Wednesday. The firm has a market capitalization of $72.16 billion, a PE ratio of 5.70, a price-to-earnings-growth ratio of 0.45 and a beta of 1.14. Banco Santander has a 12-month low of $3.83 and a 12-month high of $5.27. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. The stock’s fifty day simple moving average is $4.93 and its 200-day simple moving average is $4.88.

Banco Santander Cuts Dividend

The business also recently disclosed 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 dividend payout ratio is presently 20.00%.

Hedge Funds Weigh In On Banco Santander

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAN. Fisher Asset Management LLC raised its position 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 valued at $732,284,000 after acquiring an additional 2,011,150 shares during the period. FMR LLC increased its stake in Banco Santander by 33.9% in 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 in the last quarter. Groupama Asset Managment acquired a new stake in Banco Santander in the third quarter worth $53,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Banco Santander by 5.0% in 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 buying an additional 242,000 shares during the period. Finally, Chevy Chase Trust Holdings LLC bought a new stake in shares of Banco Santander in the 3rd quarter valued at $22,500,000. 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.