Banco Santander, S.A. $SAN Stock Holdings Boosted by Calamos Wealth Management LLC

Calamos Wealth Management LLC raised its position in Banco Santander, S.A. (NYSE:SAN) by 106.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 409,929 shares of the bank’s stock after acquiring an additional 211,398 shares during the quarter. Calamos Wealth Management LLC’s holdings in Banco Santander were worth $5,669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Calamos Advisors LLC acquired a new position in shares of Banco Santander in the third quarter valued at approximately $158,000. Kestra Advisory Services LLC lifted its holdings in Banco Santander by 256.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 67,229 shares of the bank’s stock worth $930,000 after buying an additional 48,351 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Banco Santander by 135.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 298,983 shares of the bank’s stock valued at $4,135,000 after buying an additional 171,829 shares during the period. Provenance Wealth Advisors LLC acquired a new position in shares of Banco Santander in the third quarter worth $393,000. Finally, Summit Wealth Group LLC Co. acquired a new position in shares of Banco Santander in the third quarter worth $161,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on SAN shares. Weiss Ratings cut Banco Santander from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, October 23rd. Royal Bank Of Canada restated a “buy” rating on shares of Banco Santander in a report on Tuesday, July 28th. Barclays reaffirmed a “buy” rating on shares of Banco Santander in a research report on Tuesday, July 14th. DZ Bank reissued a “neutral” rating on shares of Banco Santander in a research report on Wednesday, July 22nd. Finally, Wall Street Zen lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Eleven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.10.

Banco Santander Trading Down 2.1%

NYSE:SAN traded down $0.26 during trading hours on Friday, hitting $11.76. The company’s stock had a trading volume of 9,023,584 shares, compared to its average volume of 8,861,322. Banco Santander, S.A. has a 52-week low of $10.05 and a 52-week high of $15.05. The stock has a market capitalization of $172.67 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 0.56 and a beta of 0.78. The stock has a fifty day moving average of $13.61 and a 200-day moving average of $12.94.

Banco Santander Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, November 5th. Stockholders of record on Friday, October 30th were given a dividend of $0.1439 per share. This represents a dividend yield of 257.0%. The ex-dividend date of this dividend was Friday, October 30th. Banco Santander’s dividend payout ratio (DPR) is 17.07%.

Banco Santander Profile

Banco Santander is a Spain-based international banking group founded in 1857. Headquartered in Boadilla del Monte, Spain, it provides financial services to individuals, businesses and institutions through its banking and related businesses.

The company’s services include retail and commercial banking, consumer finance, corporate and investment banking, payments, and wealth management. Its offerings include deposit accounts, loans, credit cards, and financial advice and investment services.

Santander serves customers across Europe and the Americas, with operations in markets including Spain, the United Kingdom, the United States, Brazil and Mexico.