Eagle Asset Management Inc. Acquires 17,178 Shares of Banco Santander, S.A. (NYSE:SAN)

Eagle Asset Management Inc. boosted its holdings in Banco Santander, S.A. (NYSE:SAN) by 10.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,143 shares of the bank’s stock after purchasing an additional 17,178 shares during the period. Eagle Asset Management Inc.’s holdings in Banco Santander were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Banco Santander in the 1st quarter valued at $58,000. Russell Investments Group Ltd. raised its holdings in shares of Banco Santander by 2.3% in the 1st quarter. Russell Investments Group Ltd. now owns 249,397 shares of the bank’s stock worth $1,207,000 after acquiring an additional 5,634 shares during the last quarter. Advisors Asset Management Inc. grew its position in Banco Santander by 2.8% in the 1st quarter. Advisors Asset Management Inc. now owns 81,357 shares of the bank’s stock worth $394,000 after purchasing an additional 2,248 shares in the last quarter. Cetera Advisors LLC grew its position in Banco Santander by 16.1% during the first quarter. Cetera Advisors LLC now owns 20,308 shares of the bank’s stock valued at $98,000 after buying an additional 2,822 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its stake in 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 valued at $23,352,000 after acquiring an additional 834,200 shares during the period. Institutional investors and hedge funds own 9.19% of the company’s stock.

Banco Santander Stock Up 2.0 %

NYSE:SAN opened at $4.64 on Tuesday. Banco Santander, S.A. has a fifty-two week low of $3.83 and a fifty-two week high of $5.27. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33. The stock has a market capitalization of $73.43 billion, a P/E ratio of 5.80, a P/E/G ratio of 0.43 and a beta of 1.14. The company’s 50-day simple moving average is $4.92 and its 200-day simple moving average is $4.87.

Banco Santander Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

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.