Fisher Asset Management LLC Grows Position in Banco Santander, S.A. (NYSE:SAN)

Fisher Asset Management LLC increased its stake in Banco Santander, S.A. (NYSE:SAN) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 143,585,152 shares of the bank’s stock after purchasing an additional 2,011,150 shares during the period. Fisher Asset Management LLC’s holdings in Banco Santander were worth $732,284,000 as of its most recent SEC filing.

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

Banco Santander Stock Performance

NYSE:SAN opened at $4.55 on Monday. 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, S.A. has a fifty-two week low of $3.83 and a fifty-two week high of $5.27. The business has a 50 day moving average price of $4.93 and a 200-day moving average price of $4.88. The firm has a market cap of $72.01 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14.

Banco Santander Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SAN. StockNews.com cut shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

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.