Crossmark Global Holdings Inc. Raises Holdings in Banco Santander, S.A. (NYSE:SAN)

Crossmark Global Holdings Inc. raised its position in shares of Banco Santander, S.A. (NYSE:SAN) by 8.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,002,897 shares of the bank’s stock after buying an additional 77,366 shares during the period. Crossmark Global Holdings Inc.’s holdings in Banco Santander were worth $5,115,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new position in shares of Banco Santander in the 2nd quarter valued at approximately $33,000. Planned Solutions Inc. purchased a new stake in shares of Banco Santander during the second quarter valued at $47,000. Brookstone Capital Management acquired a new position in shares of Banco Santander in the 3rd quarter valued at $54,000. Norden Group LLC purchased a new position in Banco Santander in the 1st quarter worth $52,000. Finally, AE Wealth Management LLC acquired a new stake in Banco Santander during the 2nd quarter worth about $50,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

Analyst Upgrades and Downgrades

SAN has been the subject of a number of research reports. UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a report on Saturday.

Banco Santander Stock Up 1.2 %

Shares of SAN opened at $4.80 on Tuesday. The stock’s 50-day moving average price is $4.95 and its 200-day moving average price is $4.89. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08. The company has a market capitalization of $75.88 billion, a price-to-earnings ratio of 5.93, a PEG ratio of 0.46 and a beta of 1.14. Banco Santander, S.A. has a 52 week low of $3.83 and a 52 week high of $5.27.

Banco Santander Cuts Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 6th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.08 per share. This represents a dividend yield of 3%. The ex-dividend date of this dividend was Thursday, October 31st. Banco Santander’s dividend payout ratio (DPR) is 18.75%.

Banco Santander Company Profile

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.