Princeton Global Asset Management LLC lifted its position in Banco Santander SA (NYSE:SAN) by 1.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 222,867 shares of the bank’s stock after buying an additional 2,634 shares during the period. Princeton Global Asset Management LLC’s holdings in Banco Santander were worth $879,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC grew its stake in Banco Santander by 30.1% in the third quarter. Fisher Asset Management LLC now owns 110,728,157 shares of the bank’s stock valued at $445,127,000 after acquiring an additional 25,593,596 shares during the period. Morgan Stanley grew its position in shares of Banco Santander by 1.6% in the 2nd quarter. Morgan Stanley now owns 18,306,159 shares of the bank’s stock valued at $83,842,000 after purchasing an additional 284,103 shares during the period. Macquarie Group Ltd. grew its position in shares of Banco Santander by 17.8% in the 2nd quarter. Macquarie Group Ltd. now owns 18,268,546 shares of the bank’s stock valued at $83,670,000 after purchasing an additional 2,754,656 shares during the period. Cowen Inc. bought a new stake in Banco Santander during the 2nd quarter worth approximately $61,611,000. Finally, Parametric Portfolio Associates LLC increased its stake in Banco Santander by 2.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,655,859 shares of the bank’s stock worth $53,384,000 after purchasing an additional 250,706 shares in the last quarter. 2.24% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on SAN. HSBC raised shares of Banco Santander from a “reduce” rating to a “hold” rating in a research note on Wednesday, August 21st. ValuEngine upgraded shares of Banco Santander from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods downgraded shares of Banco Santander from an “outperform” rating to an “underperform” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered shares of Banco Santander from an “overweight” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a report on Thursday, October 31st. Finally, Zacks Investment Research raised shares of Banco Santander from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.83.
The company also recently disclosed a dividend, which was paid on Friday, November 8th. Investors of record on Thursday, October 31st were issued a dividend of $0.081 per share. The ex-dividend date of this dividend was Wednesday, October 30th. Banco Santander’s payout ratio is presently 30.91%.
About Banco Santander
Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, auto finance, and personal loans; export and agency finance, trade and working capital solutions, syndicated corporate loans, and structured financing; debt capital markets and global markets services; and debit and credit cards.
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