Banco Santander, S.A. $SAN Position Decreased by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 3.8% in the third quarter, HoldingsChannel reports. The fund owned 31,633,021 shares of the bank’s stock after selling 1,252,759 shares during the quarter. Fisher Asset Management LLC’s holdings in Banco Santander were worth $437,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SAN. Jacobi Capital Management LLC bought a new position in Banco Santander in the 3rd quarter worth $29,000. Acumen Wealth Advisors LLC lifted its position in Banco Santander by 117.9% during the first quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,249 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in Banco Santander by 151.1% during the second quarter. Financial Management Professionals Inc. now owns 2,471 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,487 shares during the period. Compass Financial Management LLC bought a new stake in Banco Santander during the second quarter valued at about $34,000. Finally, Washington Trust Advisors Inc. bought a new stake in Banco Santander during the third quarter valued at about $37,000. 9.19% of the stock is currently owned by hedge funds and other institutional investors.

Banco Santander Stock Down 2.9%

Shares of NYSE:SAN opened at $12.12 on Friday. The firm has a fifty day simple moving average of $13.43 and a two-hundred day simple moving average of $12.94. 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 $177.96 billion, a P/E ratio of 11.56, a PEG ratio of 0.61 and a beta of 0.78.

Banco Santander Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, November 5th. Investors of record on Friday, October 30th were given a $0.1439 dividend. The ex-dividend date was Friday, October 30th. This represents a yield of 257.0%. Banco Santander’s dividend payout ratio (DPR) is currently 16.26%.

Analysts Set New Price Targets

Several research analysts have recently commented on SAN shares. Zacks Research downgraded Banco Santander from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 3rd. Erste Group Bank cut Banco Santander from a “buy” rating to a “hold” rating in a research report on Friday, October 30th. Weiss Ratings raised shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, November 4th. Jefferies Financial Group downgraded Banco Santander from a “buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Finally, Mediobanca reiterated an “outperform” rating on shares of Banco Santander in a research note on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.10.

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.