Banco Santander, S.A. (NYSE:SAN) Shares Sold by Clifford Capital Partners LLC

Clifford Capital Partners LLC lessened its stake in Banco Santander, S.A. (NYSE:SAN) by 20.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,128 shares of the bank’s stock after selling 12,553 shares during the quarter. Clifford Capital Partners LLC’s holdings in Banco Santander were worth $251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning lifted its holdings in shares of 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 buying an additional 159,610 shares during the period. QRG Capital Management Inc. raised its holdings in Banco Santander by 24.4% in the 2nd quarter. QRG Capital Management Inc. now owns 1,637,838 shares of the bank’s stock worth $7,583,000 after purchasing an additional 321,772 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in Banco Santander by 20.9% in 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 during the period. Horizon Kinetics Asset Management LLC raised its holdings in Banco Santander by 467.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 235,177 shares of the bank’s stock worth $1,199,000 after purchasing an additional 193,767 shares during the period. Finally, Fifth Third Bancorp raised its holdings in Banco Santander by 10.3% in the 2nd quarter. Fifth Third Bancorp now owns 216,836 shares of the bank’s stock worth $1,004,000 after purchasing an additional 20,163 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Price Performance

SAN stock opened at $4.61 on Wednesday. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.33 and a quick ratio of 0.23. The business has a 50 day simple moving average of $4.92 and a 200-day simple moving average of $4.87. The firm has a market capitalization of $72.96 billion, a PE ratio of 5.76, a price-to-earnings-growth ratio of 0.44 and a beta of 1.14. Banco Santander, S.A. has a 1 year low of $3.83 and a 1 year high of $5.27.

Banco Santander Cuts Dividend

The business also recently declared 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 presently 20.00%.

Analyst Upgrades and Downgrades

SAN has been the subject of several research reports. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. Finally, StockNews.com lowered Banco Santander from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Banco Santander Profile

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.