Oppenheimer Asset Management Inc. Decreases Position in Banco Santander, S.A. (NYSE:SAN)

Oppenheimer Asset Management Inc. lowered its stake in shares of Banco Santander, S.A. (NYSE:SAN) by 1.2% during the third quarter, Holdings Channel reports. The fund owned 410,876 shares of the bank’s stock after selling 4,887 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Banco Santander were worth $2,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAN. Creative Planning increased its holdings in Banco Santander by 13.5% during the 3rd quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock worth $6,843,000 after purchasing an additional 159,610 shares during the period. QRG Capital Management Inc. increased its stake in shares of Banco Santander by 24.4% during the second quarter. QRG Capital Management Inc. now owns 1,637,838 shares of the bank’s stock worth $7,583,000 after buying an additional 321,772 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in Banco Santander by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after acquiring an additional 834,200 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Banco Santander by 2.3% in the first quarter. Russell Investments Group Ltd. now owns 249,397 shares of the bank’s stock worth $1,207,000 after acquiring an additional 5,634 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Banco Santander by 10.3% during the 2nd quarter. Fifth Third Bancorp now owns 216,836 shares of the bank’s stock worth $1,004,000 after acquiring an additional 20,163 shares in the last quarter. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Stock Up 2.6 %

Shares of NYSE:SAN opened at $4.82 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. The firm has a 50 day simple moving average of $4.93 and a 200-day simple moving average of $4.88. The company has a market capitalization of $76.28 billion, a PE ratio of 6.03, a P/E/G ratio of 0.43 and a beta of 1.14. Banco Santander, S.A. has a twelve month low of $3.83 and a twelve month high of $5.27.

Banco Santander Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 3%. Banco Santander’s dividend payout ratio is presently 20.00%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SAN. StockNews.com raised shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

About Banco Santander

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.