Aaron Wealth Advisors LLC Buys 15,575 Shares of Banco Santander, S.A. (NYSE:SAN)

Aaron Wealth Advisors LLC grew its position in shares of Banco Santander, S.A. (NYSE:SAN) by 19.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,980 shares of the bank’s stock after purchasing an additional 15,575 shares during the period. Aaron Wealth Advisors LLC’s holdings in Banco Santander were worth $479,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in Banco Santander by 18.3% in the 1st quarter. QRG Capital Management Inc. now owns 1,316,066 shares of the bank’s stock worth $6,370,000 after acquiring an additional 203,274 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Banco Santander by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock worth $23,352,000 after buying an additional 834,200 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Banco Santander by 2.3% during the 1st quarter. Russell Investments Group Ltd. now owns 249,397 shares of the bank’s stock valued at $1,207,000 after buying an additional 5,634 shares in the last quarter. Capital Wealth Planning LLC lifted its holdings in shares of Banco Santander by 216.2% in the 1st quarter. Capital Wealth Planning LLC now owns 294,147 shares of the bank’s stock valued at $1,424,000 after acquiring an additional 201,134 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in Banco Santander by 10.6% in the first quarter. Ballentine Partners LLC now owns 93,174 shares of the bank’s stock worth $451,000 after acquiring an additional 8,957 shares in the last quarter. 9.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SAN shares. StockNews.com cut Banco Santander from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. UBS Group raised shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

Banco Santander Price Performance

Shares of NYSE:SAN opened at $5.05 on Friday. Banco Santander, S.A. has a 1 year low of $3.52 and a 1 year high of $5.27. The firm has a market capitalization of $79.84 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 0.40 and a beta of 1.14. The business has a 50 day simple moving average of $4.90 and a two-hundred day simple moving average of $4.88.

Banco Santander (NYSE:SAN) last released its earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $16.87 billion during the quarter. Banco Santander had a return on equity of 11.42% and a net margin of 15.35%. Equities research analysts expect that Banco Santander, S.A. will post 0.83 EPS for the current fiscal year.

Banco Santander Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.08 per share. This represents a dividend yield of 3%. The ex-dividend date is Thursday, October 31st. Banco Santander’s dividend payout ratio (DPR) is presently 22.22%.

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.