Midas Management Corp Purchases Shares of 260,300 Banco Santander SA (SAN)
Midas Management Corp acquired a new stake in shares of Banco Santander SA (NYSE:SAN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 260,300 shares of the company’s stock, valued at approximately $1,021,000.
A number of other institutional investors have also recently added to or reduced their stakes in SAN. Green Square Capital LLC bought a new position in Banco Santander SA during the second quarter valued at $102,000. FFT Wealth Management LLC boosted its stake in Banco Santander SA by 66.0% in the first quarter. FFT Wealth Management LLC now owns 25,145 shares of the company’s stock valued at $110,000 after buying an additional 10,000 shares during the period. Checchi Capital Advisers LLC boosted its stake in Banco Santander SA by 6.2% in the second quarter. Checchi Capital Advisers LLC now owns 54,095 shares of the company’s stock valued at $212,000 after buying an additional 3,176 shares during the period. ING Groep NV acquired a new stake in Banco Santander SA during the first quarter valued at about $541,000. Finally, NewSquare Capital LLC boosted its stake in Banco Santander SA by 18.6% in the second quarter. NewSquare Capital LLC now owns 165,660 shares of the company’s stock valued at $649,000 after buying an additional 26,029 shares during the period. 0.63% of the stock is owned by hedge funds and other institutional investors.
Shares of Banco Santander SA (NYSE:SAN) traded up 0.46% on Monday, hitting $4.38. The company’s stock had a trading volume of 2,330,671 shares. Banco Santander SA has a 52 week low of $3.60 and a 52 week high of $5.83. The stock has a market capitalization of $69.97 billion, a P/E ratio of 13.44 and a beta of 1.67. The stock’s 50 day moving average price is $4.44 and its 200 day moving average price is $4.40.
The company also recently declared a dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 17th will be issued a dividend of $0.038 per share. The ex-dividend date of this dividend is Thursday, October 13th. Banco Santander SA’s dividend payout ratio (DPR) is 38.64%.
Several research firms have recently issued reports on SAN. Zacks Investment Research cut Banco Santander SA from a “hold” rating to a “sell” rating in a report on Thursday, July 21st. Citigroup Inc. restated a “buy” rating on shares of Banco Santander SA in a report on Wednesday, July 20th. Barclays PLC upgraded Banco Santander SA from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 6th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Banco Santander SA in a report on Wednesday, June 29th. Finally, Deutsche Bank AG restated a “neutral” rating on shares of Banco Santander SA in a report on Wednesday, June 22nd. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $4.50.
Banco Santander SA Company Profile
Banco Santander, SA is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States.
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