Banco Santander (NYSE:SAN) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Banco Santander (NYSE:SAN) from a buy rating to a strong-buy rating in a report issued on Monday.

Separately, Barclays raised shares of Banco Santander from an equal weight rating to an overweight rating in a research note on Monday, March 25th.

Banco Santander Stock Performance

SAN opened at $5.06 on Monday. The business has a fifty day simple moving average of $4.69 and a 200-day simple moving average of $4.25. The firm has a market cap of $80.00 billion, a PE ratio of 7.02, a P/E/G ratio of 0.46 and a beta of 1.19. Banco Santander has a fifty-two week low of $3.20 and a fifty-two week high of $5.17. The company has a quick ratio of 0.35, a current ratio of 2.27 and a debt-to-equity ratio of 13.96.

Banco Santander Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, May 7th. Stockholders of record on Tuesday, April 30th were given a $0.1027 dividend. This represents a dividend yield of 3.2%. This is a positive change from Banco Santander’s previous semi-annual dividend of $0.09. The ex-dividend date of this dividend was Monday, April 29th. Banco Santander’s dividend payout ratio is 19.44%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SAN. Sage Rhino Capital LLC grew its holdings in shares of Banco Santander by 5.1% during the 1st quarter. Sage Rhino Capital LLC now owns 51,175 shares of the bank’s stock valued at $248,000 after acquiring an additional 2,485 shares in the last quarter. OLD National Bancorp IN increased its position in Banco Santander by 7.2% in the 4th quarter. OLD National Bancorp IN now owns 40,521 shares of the bank’s stock worth $168,000 after purchasing an additional 2,739 shares during the last quarter. Seven Mile Advisory lifted its holdings in shares of Banco Santander by 8.5% during the 4th quarter. Seven Mile Advisory now owns 35,054 shares of the bank’s stock valued at $145,000 after buying an additional 2,751 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Banco Santander by 7.1% in the 4th quarter. Valeo Financial Advisors LLC now owns 42,345 shares of the bank’s stock valued at $175,000 after buying an additional 2,804 shares in the last quarter. Finally, CWM LLC increased its holdings in Banco Santander by 10.4% in the fourth quarter. CWM LLC now owns 30,757 shares of the bank’s stock worth $127,000 after buying an additional 2,896 shares during the last quarter. Institutional investors and hedge funds own 9.19% of the company’s stock.

About Banco Santander

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.