74,401 Shares of Banco Santander, S.A. $SAN Purchased by Orange Investment Advisors Inc.

Orange Investment Advisors Inc. bought a new position in Banco Santander, S.A. (NYSE:SAN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 74,401 shares of the bank’s stock, valued at approximately $1,029,000.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in Banco Santander by 118.9% in the 1st 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 increased its stake in shares of Banco Santander by 37.9% during the first quarter. Quantinno Capital Management LP now owns 2,566,939 shares of the bank’s stock valued at $28,955,000 after buying an additional 705,034 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Banco Santander by 32.1% during the first 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 in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Banco Santander by 10.4% during the first quarter. QRG Capital Management Inc. now owns 1,473,746 shares of the bank’s stock valued at $16,624,000 after acquiring an additional 138,582 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Banco Santander by 18.3% during the first quarter. Sei Investments Co. now owns 956,275 shares of the bank’s stock valued at $10,787,000 after acquiring an additional 147,776 shares in the last quarter. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Banco Santander from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Mediobanca restated an “outperform” rating on shares of Banco Santander in a report on Tuesday, September 15th. UBS Group restated a “buy” rating on shares of Banco Santander in a report on Monday, September 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Banco Santander in a research note on Monday, July 27th. Finally, Barclays reaffirmed a “buy” rating on shares of Banco Santander in a research note on Tuesday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.10.

Banco Santander Stock Performance

SAN stock opened at $12.84 on Monday. Banco Santander, S.A. has a fifty-two week low of $9.66 and a fifty-two week high of $15.05. The company has a market capitalization of $188.65 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 0.63 and a beta of 0.74. The business’s 50 day moving average price is $14.15 and its two-hundred day moving average price is $13.43.

Banco Santander Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, November 5th. Investors of record on Friday, October 30th will be given a dividend of $0.1439 per share. The ex-dividend date is Friday, October 30th. This represents a dividend yield of 217.0%. Banco Santander’s payout ratio is currently 17.07%.

About Banco Santander

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.