DGS Capital Management LLC Boosts Stock Position in Banco Santander, S.A. (NYSE:SAN)

DGS Capital Management LLC grew its holdings in shares of Banco Santander, S.A. (NYSE:SAN) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,138 shares of the bank’s stock after buying an additional 10,974 shares during the quarter. DGS Capital Management LLC’s holdings in Banco Santander were worth $705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SAN. Cetera Advisors LLC increased its holdings in Banco Santander by 16.1% in 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 last quarter. SG Americas Securities LLC raised its position in shares of Banco Santander by 32.6% during the 2nd quarter. SG Americas Securities LLC now owns 15,920 shares of the bank’s stock valued at $74,000 after acquiring an additional 3,911 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Banco Santander by 5.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 73,521 shares of the bank’s stock worth $340,000 after purchasing an additional 3,675 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Banco Santander by 34.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,648 shares of the bank’s stock valued at $322,000 after purchasing an additional 17,945 shares during the last quarter. Finally, Fiduciary Financial Group LLC acquired a new stake in shares of Banco Santander during the second quarter worth $79,000. Institutional investors own 9.19% of the company’s stock.

Analyst Ratings Changes

SAN has been the topic of several research reports. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley upgraded Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th.

Banco Santander Stock Performance

Shares of SAN traded up $0.03 during mid-day trading on Friday, reaching $4.88. 521,288 shares of the company’s stock traded hands, compared to its average volume of 2,740,071. Banco Santander, S.A. has a 12 month low of $3.83 and a 12 month high of $5.27. The stock has a market capitalization of $77.23 billion, a P/E ratio of 6.06, a price-to-earnings-growth ratio of 0.46 and a beta of 1.12. The business’s 50-day moving average price is $4.85 and its 200-day moving average price is $4.84. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.23 and a current ratio of 0.33.

Banco Santander Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Thursday, October 31st were paid a dividend of $0.08 per share. This represents a dividend yield of 3%. The ex-dividend date was Thursday, October 31st. Banco Santander’s dividend payout ratio is currently 20.00%.

Banco Santander Company 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.