Moors & Cabot Inc. trimmed its stake in Banco Santander, S.A. (NYSE:SAN – Free Report) by 76.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 23,611 shares of the bank’s stock after selling 78,167 shares during the period. Moors & Cabot Inc.’s holdings in Banco Santander were worth $88,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in SAN. Savant Capital LLC purchased a new stake in shares of Banco Santander in the 4th quarter valued at approximately $30,000. Cetera Investment Advisers purchased a new stake in Banco Santander during the 1st quarter worth approximately $35,000. Atria Wealth Solutions Inc. purchased a new stake in Banco Santander during the 2nd quarter worth approximately $35,000. Rehmann Capital Advisory Group purchased a new stake in Banco Santander during the 1st quarter worth approximately $38,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Banco Santander during the 1st quarter worth approximately $38,000. 2.14% of the stock is owned by hedge funds and other institutional investors.
Banco Santander Price Performance
NYSE SAN opened at $4.05 on Tuesday. Banco Santander, S.A. has a 52 week low of $2.68 and a 52 week high of $4.09. The stock has a market capitalization of $65.46 billion, a PE ratio of 6.13, a price-to-earnings-growth ratio of 0.36 and a beta of 1.16. The firm has a 50 day moving average of $3.73 and a two-hundred day moving average of $3.68.
Banco Santander Increases Dividend
The business also recently announced a semi-annual dividend, which was paid on Tuesday, November 7th. Stockholders of record on Wednesday, November 1st were issued a $0.0852 dividend. This is a boost from Banco Santander’s previous semi-annual dividend of $0.06. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a dividend yield of 2.8%. Banco Santander’s dividend payout ratio is presently 16.67%.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of Banco Santander in a research note on Thursday, October 5th. They set a “buy” rating on the stock.
About Banco Santander
Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments.
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