Cubist Systematic Strategies LLC bought a new position in Banco Santander, S.A. (NYSE:SAN – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 295,605 shares of the bank’s stock, valued at approximately $686,000.
Several other hedge funds also recently made changes to their positions in SAN. Brookstone Capital Management purchased a new position in shares of Banco Santander in the third quarter worth $27,000. O Dell Group LLC purchased a new position in Banco Santander during the 3rd quarter valued at $27,000. Personal Capital Advisors Corp purchased a new position in Banco Santander during the 3rd quarter valued at $28,000. Axxcess Wealth Management LLC purchased a new position in Banco Santander during the 2nd quarter valued at $29,000. Finally, Baker Tilly Wealth Management LLC purchased a new position in Banco Santander during the 3rd quarter valued at $29,000. 1.90% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. boosted their price objective on shares of Banco Santander from €3.50 ($3.72) to €3.60 ($3.83) in a research report on Wednesday, December 7th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.94.
Banco Santander Stock Down 4.1 %
Banco Santander Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, May 5th. Investors of record on Friday, April 28th will be paid a $0.0631 dividend. This is a boost from Banco Santander’s previous semi-annual dividend of $0.06. The ex-dividend date is Thursday, April 27th. This represents a yield of 2%. Banco Santander’s payout ratio is presently 13.79%.
Banco Santander Company Profile
Banco Santander SA is a banking services company, which engages in the provision of banking services to individuals, companies, and institutions. It operates through the following segments: Europe, North America, South America, and Digital Consumer Bank. The Europe segment comprises business activities carried out in the region.
- Get a free copy of the StockNews.com research report on Banco Santander (SAN)
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