Banco Santander, S.A. $SAN Stock: Fisher Asset Management LLC Cuts Position

Fisher Asset Management LLC trimmed its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,633,021 shares of the bank’s stock after selling 1,252,759 shares during the period. Fisher Asset Management LLC owned approximately 0.22% of Banco Santander worth $437,485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Acumen Wealth Advisors LLC raised its stake in shares of Banco Santander by 117.9% in the first quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock worth $26,000 after purchasing an additional 1,249 shares during the last quarter. Jacobi Capital Management LLC purchased a new stake in shares of Banco Santander during the third quarter valued at $29,000. Financial Management Professionals Inc. boosted 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 buying an additional 1,487 shares during the last quarter. Compass Financial Management LLC bought a new stake in Banco Santander in the 2nd quarter worth about $34,000. Finally, Washington Trust Advisors Inc. bought a new stake in Banco Santander in the 3rd quarter worth about $37,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Stock Performance

SAN stock opened at $12.12 on Friday. Banco Santander, S.A. has a fifty-two week low of $10.05 and a fifty-two week high of $15.05. The business’s 50-day moving average is $13.43 and its two-hundred day moving average is $12.94. The company has a market cap of $177.96 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 0.61 and a beta of 0.78.

Banco Santander Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, November 5th. Stockholders of record on Friday, October 30th were paid a $0.1439 dividend. This represents a dividend yield of 257.0%. The ex-dividend date was Friday, October 30th. Banco Santander’s dividend payout ratio is 16.26%.

Analysts Set New Price Targets

SAN has been the subject of a number of recent analyst reports. DZ Bank reissued a “neutral” rating on shares of Banco Santander in a research report on Wednesday, July 22nd. Jefferies Financial Group downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a report on Tuesday, October 20th. Weiss Ratings upgraded shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, November 4th. Wall Street Zen cut shares of Banco Santander from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.