Point72 Asset Management L.P. Purchases Shares of 692,375 Banco Santander, S.A. (NYSE:SAN)

Point72 Asset Management L.P. bought a new position in Banco Santander, S.A. (NYSE:SAN) during the 3rd quarter, Holdings Channel reports. The firm bought 692,375 shares of the bank’s stock, valued at approximately $3,531,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in shares of Banco Santander in the second quarter valued at approximately $33,000. Planned Solutions Inc. bought a new position in Banco Santander in the second quarter valued at about $47,000. AE Wealth Management LLC bought a new stake in Banco Santander during the 2nd quarter worth about $50,000. Brookstone Capital Management acquired a new stake in shares of Banco Santander during the 3rd quarter worth approximately $54,000. Finally, Joel Isaacson & Co. LLC acquired a new position in Banco Santander in the third quarter valued at approximately $55,000. 9.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SAN has been the subject of a number of analyst reports. Morgan Stanley raised shares of Banco Santander from an “equal weight” rating to an “overweight” rating in a report on Tuesday, November 26th. StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Finally, UBS Group raised Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

Banco Santander Trading Down 0.4 %

SAN opened at $4.87 on Monday. The firm’s fifty day moving average is $4.86 and its two-hundred day moving average is $4.84. The firm has a market cap of $77.07 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 0.44 and a beta of 1.12. Banco Santander, S.A. has a twelve month low of $3.83 and a twelve month high of $5.27. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33.

Banco Santander Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.08 per share. 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%.

Banco Santander 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.