Oppenheimer & Co. Inc. Sells 655,238 Shares of Banco Santander, S.A. (NYSE:SAN)

Oppenheimer & Co. Inc. trimmed its position in shares of Banco Santander, S.A. (NYSE:SAN) by 79.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,784 shares of the bank’s stock after selling 655,238 shares during the period. Oppenheimer & Co. Inc.’s holdings in Banco Santander were worth $856,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

SAN has been the topic of several recent research reports. StockNews.com upgraded Banco Santander from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

Banco Santander Stock Performance

Banco Santander stock opened at $4.80 on Wednesday. The firm’s 50 day simple moving average is $4.94 and its 200 day simple moving average is $4.88. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. Banco Santander, S.A. has a 1-year low of $3.83 and a 1-year high of $5.27. The firm has a market capitalization of $75.96 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 0.45 and a beta of 1.14.

Banco Santander Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Thursday, October 31st were paid a dividend of $0.08 per share. This represents a yield of 3%. The ex-dividend date was Thursday, October 31st. Banco Santander’s dividend payout ratio is 18.75%.

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.