Banco Santander, S.A. (NYSE:SAN) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in shares of Banco Santander, S.A. (NYSE:SANGet Rating) by 6.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 709,184 shares of the bank’s stock after buying an additional 45,780 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Banco Santander were worth $1,986,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. lifted its stake in Banco Santander by 28.9% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 71,743 shares of the bank’s stock valued at $201,000 after buying an additional 16,081 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Banco Santander by 18.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 132,888 shares of the bank’s stock valued at $374,000 after purchasing an additional 20,582 shares during the period. AE Wealth Management LLC acquired a new position in shares of Banco Santander in the 2nd quarter valued at about $44,000. Capital Wealth Alliance LLC acquired a new position in shares of Banco Santander in the 2nd quarter valued at about $32,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Banco Santander by 437.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 20,860 shares of the bank’s stock valued at $58,000 after purchasing an additional 16,979 shares during the period. 2.08% of the stock is owned by hedge funds and other institutional investors.

Banco Santander Trading Up 1.5 %

SAN opened at $2.68 on Friday. Banco Santander, S.A. has a 1-year low of $2.26 and a 1-year high of $4.01. The stock has a market capitalization of $45.01 billion, a price-to-earnings ratio of 4.62 and a beta of 1.13. The business has a 50 day moving average of $2.55 and a 200-day moving average of $2.65.

Banco Santander Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Tuesday, November 1st were given a $0.0559 dividend. This represents a $0.22 annualized dividend and a dividend yield of 8.34%. This is a boost from Banco Santander’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, October 31st. Banco Santander’s dividend payout ratio is currently 13.79%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SAN shares. Royal Bank of Canada dropped their target price on Banco Santander from €3.10 ($3.20) to €3.00 ($3.09) in a report on Thursday, August 4th. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Credit Suisse Group increased their price objective on Banco Santander from €4.00 ($4.12) to €4.10 ($4.23) in a report on Monday, October 10th. Morgan Stanley dropped their price objective on Banco Santander from €4.30 ($4.43) to €4.00 ($4.12) and set an “equal weight” rating on the stock in a report on Monday, August 1st. Finally, Citigroup upgraded Banco Santander from a “neutral” rating to a “buy” rating and increased their price objective for the stock from €3.20 ($3.30) to €3.50 ($3.61) in a report on Tuesday, September 27th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $3.93.

About Banco Santander

(Get Rating)

Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.

Further Reading

Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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