Coldstream Capital Management Inc. Raises Stock Position in Banco Santander, S.A. (NYSE:SAN)

Coldstream Capital Management Inc. boosted its position in Banco Santander, S.A. (NYSE:SAN) by 81.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,481 shares of the bank’s stock after purchasing an additional 9,170 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Banco Santander were worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Groupama Asset Managment bought a new stake in Banco Santander during the third quarter valued at $53,000. FMR LLC boosted its position in shares of Banco Santander by 33.9% during the 3rd quarter. FMR LLC now owns 20,893,727 shares of the bank’s stock valued at $106,558,000 after acquiring an additional 5,290,236 shares during the last quarter. Chevy Chase Trust Holdings LLC purchased a new position in shares of Banco Santander during the third quarter worth about $22,500,000. Fisher Asset Management LLC increased its position in shares of Banco Santander by 1.4% in the third quarter. Fisher Asset Management LLC now owns 143,585,152 shares of the bank’s stock worth $732,284,000 after purchasing an additional 2,011,150 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Banco Santander in the third quarter valued at approximately $3,531,000. 9.19% of the stock is owned by institutional investors.

Banco Santander Price Performance

SAN stock opened at $4.68 on Wednesday. The firm has a market cap of $73.98 billion, a P/E ratio of 5.84, a P/E/G ratio of 0.46 and a beta of 1.12. The firm’s fifty day moving average is $4.84 and its 200 day moving average is $4.83. Banco Santander, S.A. has a 52 week low of $3.83 and a 52 week high of $5.27. 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. Stockholders of record on Thursday, October 31st were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 3%. Banco Santander’s dividend payout ratio (DPR) is currently 18.75%.

Analyst Ratings Changes

Several research firms have recently weighed in on SAN. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th. Morgan Stanley raised Banco Santander from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 26th. Finally, StockNews.com raised Banco Santander from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

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.