Banco Santander, S.A. $SAN Shares Newly Bought by Orange Investment Advisors Inc.

Orange Investment Advisors Inc. purchased a new position in Banco Santander, S.A. (NYSE:SAN) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 74,401 shares of the bank’s stock, valued at approximately $1,029,000.

Other institutional investors also recently modified their holdings of the company. Acumen Wealth Advisors LLC lifted its position in Banco Santander by 117.9% during the 1st quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,249 shares during the period. Whipplewood Advisors LLC bought a new stake in Banco Santander during the first quarter worth about $28,000. Financial Management Professionals Inc. grew its holdings in Banco Santander by 151.1% in the second quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock worth $34,000 after purchasing an additional 1,487 shares during the period. Compass Financial Management LLC purchased a new stake in Banco Santander in the second quarter worth about $34,000. Finally, Washington Trust Advisors Inc. purchased a new stake in Banco Santander in the third quarter worth about $37,000. 9.19% of the stock is currently owned by institutional investors.

Banco Santander Price Performance

SAN opened at $12.84 on Monday. The stock has a 50-day moving average price of $14.15 and a 200-day moving average price of $13.43. The firm has a market cap of $188.65 billion, a PE ratio of 10.44, a P/E/G ratio of 0.63 and a beta of 0.74. Banco Santander, S.A. has a 1 year low of $9.66 and a 1 year high of $15.05.

Banco Santander Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, November 5th. Investors of record on Friday, October 30th will be given a dividend of $0.1439 per share. This represents a yield of 217.0%. The ex-dividend date of this dividend is Friday, October 30th. Banco Santander’s dividend payout ratio is 17.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SAN shares. Barclays reaffirmed a “buy” rating on shares of Banco Santander in a research note on Tuesday, July 14th. Royal Bank Of Canada reissued a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Banco Santander in a research report on Monday, July 27th. Wall Street Zen downgraded Banco Santander from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Banco Santander in a research report on Wednesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.10.

Banco Santander Profile

Banco Santander, SA is a Spain-based global banking group founded in 1857 and headquartered in Santander, Spain. The company provides financial services to individuals, businesses, institutions and governments through a network spanning Europe, North America and South America.

Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, payments, asset management and private banking. Santander offers products and services such as current and savings accounts, mortgages, personal and business loans, credit cards, insurance, investment products, cash-management services and financing for corporate clients.

The group operates through established banking businesses in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.