Vise Technologies Inc. Purchases 73,198 Shares of Banco Santander, S.A. $SAN

Vise Technologies Inc. raised its position in Banco Santander, S.A. (NYSE:SAN) by 28.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 327,386 shares of the bank’s stock after purchasing an additional 73,198 shares during the period. Vise Technologies Inc.’s holdings in Banco Santander were worth $4,528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of SAN. Acumen Wealth Advisors LLC lifted its position in shares of Banco Santander by 117.9% in the 1st quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock worth $26,000 after acquiring an additional 1,249 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Banco Santander during the first quarter valued at approximately $28,000. Financial Management Professionals Inc. increased its position in shares of Banco Santander by 151.1% during the second quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,487 shares during the period. Compass Financial Management LLC acquired a new position in shares of Banco Santander in the second quarter valued at $34,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Banco Santander in the third quarter valued at $37,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Trading Down 0.9%

SAN stock opened at $11.36 on Wednesday. Banco Santander, S.A. has a 1-year low of $9.96 and a 1-year high of $15.05. The business’s 50 day moving average is $13.77 and its 200-day moving average is $12.94. The firm has a market cap of $166.80 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.56 and a beta of 0.78.

Banco Santander Announces Dividend

The business also recently declared 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 257.0%. Banco Santander’s payout ratio is currently 17.07%.

Analyst Upgrades and Downgrades

SAN has been the subject of several research reports. Wall Street Zen cut Banco Santander from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Barclays reissued a “buy” rating on shares of Banco Santander in a report on Tuesday, July 14th. Royal Bank Of Canada restated a “buy” rating on shares of Banco Santander in a research note on Tuesday, July 28th. Erste Group Bank downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a report on Friday, October 30th. Finally, Weiss Ratings downgraded shares of Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, October 23rd. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.10.

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.