Calamos Wealth Management LLC Buys 211,398 Shares of Banco Santander, S.A. $SAN

Calamos Wealth Management LLC boosted its stake in Banco Santander, S.A. (NYSE:SAN) by 106.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 409,929 shares of the bank’s stock after buying an additional 211,398 shares during the period. Calamos Wealth Management LLC’s holdings in Banco Santander were worth $5,669,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Calamos Advisors LLC purchased a new stake in shares of Banco Santander in the third quarter worth $158,000. Kestra Advisory Services LLC boosted its stake in shares of Banco Santander by 256.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 67,229 shares of the bank’s stock worth $930,000 after acquiring an additional 48,351 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Banco Santander by 135.1% in the third quarter. Commonwealth Equity Services LLC now owns 298,983 shares of the bank’s stock worth $4,135,000 after buying an additional 171,829 shares in the last quarter. Provenance Wealth Advisors LLC purchased a new position in shares of Banco Santander during the 3rd quarter valued at $393,000. Finally, Summit Wealth Group LLC Co. bought a new stake in shares of Banco Santander during the third quarter valued at approximately $161,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Trading Down 2.1%

SAN traded down $0.26 on Friday, hitting $11.76. The company had a trading volume of 9,023,584 shares, compared to its average volume of 8,861,322. The company’s fifty day moving average price is $13.61 and its 200 day moving average price is $12.94. Banco Santander, S.A. has a 1 year low of $10.05 and a 1 year high of $15.05. The firm has a market cap of $172.67 billion, a P/E ratio of 9.56, a PEG ratio of 0.56 and a beta of 0.78.

Banco Santander Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, November 5th. Investors of record on Friday, October 30th were issued a $0.1439 dividend. This represents a yield of 257.0%. The ex-dividend date was Friday, October 30th. Banco Santander’s dividend payout ratio (DPR) is 17.07%.

Analyst Upgrades and Downgrades

SAN has been the topic of a number of research reports. Barclays restated a “buy” rating on shares of Banco Santander in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Banco Santander in a research report on Monday, July 27th. UBS Group restated a “buy” rating on shares of Banco Santander in a research report on Monday, September 21st. DZ Bank reissued a “neutral” rating on shares of Banco Santander in a report on Wednesday, July 22nd. Finally, Zacks Research lowered shares of Banco Santander from a “hold” rating to a “strong sell” rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.10.

Banco Santander Company Profile

Banco Santander is a Spain-based international banking group founded in 1857. Headquartered in Boadilla del Monte, Spain, it provides financial services to individuals, businesses and institutions through its banking and related businesses.

The company’s services include retail and commercial banking, consumer finance, corporate and investment banking, payments, and wealth management. Its offerings include deposit accounts, loans, credit cards, and financial advice and investment services.

Santander serves customers across Europe and the Americas, with operations in markets including Spain, the United Kingdom, the United States, Brazil and Mexico.