Banco Santander, S.A. $SAN Shares Newly Bought by WD Rutherford LLC

WD Rutherford LLC acquired a new position in Banco Santander, S.A. (NYSE:SAN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 116,986 shares of the bank’s stock, valued at approximately $1,618,000.

A number of other hedge funds have also recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of Banco Santander by 118.9% in the first quarter. Bank of America Corp DE now owns 11,413,194 shares of the bank’s stock worth $128,741,000 after buying an additional 6,198,828 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Banco Santander by 37.9% during the 1st quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock worth $28,955,000 after acquiring an additional 705,034 shares during the last quarter. Compass Rose Asset Management LP purchased a new position in Banco Santander during the 1st quarter valued at $7,163,000. Bank of New York Mellon Corp boosted its holdings in Banco Santander by 32.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,535,847 shares of the bank’s stock valued at $17,324,000 after acquiring an additional 373,646 shares during the period. Finally, Assetmark Inc. grew its position in Banco Santander by 257.4% in the 1st quarter. Assetmark Inc. now owns 399,352 shares of the bank’s stock valued at $4,505,000 after acquiring an additional 287,621 shares during the last quarter. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Up 0.7%

Shares of NYSE:SAN opened at $12.46 on Wednesday. The firm’s 50 day simple moving average is $14.06 and its 200-day simple moving average is $12.96. Banco Santander, S.A. has a one year low of $9.94 and a one year high of $15.05.

Banco Santander Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 5th. Investors of record on Friday, October 30th will be paid a $0.1439 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a yield of 217.0%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays reiterated a “buy” rating on shares of Banco Santander in a research note on Tuesday, July 14th. DZ Bank reissued a “neutral” rating on shares of Banco Santander in a research note on Wednesday, July 22nd. Weiss Ratings lowered shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday. Royal Bank Of Canada restated a “buy” rating on shares of Banco Santander in a report on Tuesday, July 28th. Finally, Jefferies Financial Group downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.10.

Banco Santander Company Profile

Banco Santander, SA is a Spain-based global banking group founded in 1857 and headquartered in Santander, Spain. The company provides financial services to individuals, businesses, institutions and governments through a network spanning Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, payments, asset management and private banking. Santander offers products and services such as current and savings accounts, mortgages, personal and business loans, credit cards, insurance, investment products, cash-management services and financing for corporate clients.

The group operates through established banking businesses in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.