Fisher Asset Management LLC Buys 2,011,150 Shares of Banco Santander, S.A. (NYSE:SAN)

Fisher Asset Management LLC increased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,585,152 shares of the bank’s stock after acquiring an additional 2,011,150 shares during the quarter. Fisher Asset Management LLC owned about 0.91% of Banco Santander worth $732,284,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rothschild Investment LLC bought a new position in Banco Santander during the second quarter worth about $33,000. Planned Solutions Inc. acquired a new position in Banco Santander during the second quarter worth about $47,000. AE Wealth Management LLC acquired a new stake in shares of Banco Santander during the 2nd quarter valued at $50,000. Brookstone Capital Management bought a new stake in Banco Santander during the 3rd quarter worth approximately $54,000. Finally, Joel Isaacson & Co. LLC bought a new stake in shares of Banco Santander in the 3rd quarter valued at about $55,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

NYSE SAN opened at $4.55 on Monday. The firm has a market cap of $72.01 billion, a P/E ratio of 5.69, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14. 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 company’s 50 day moving average is $4.93 and its 200-day moving average is $4.88. Banco Santander, S.A. has a 12-month low of $3.83 and a 12-month high of $5.27.

Banco Santander Cuts Dividend

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

Wall Street Analyst Weigh In

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

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.