West Family Investments Inc. Has $197,000 Holdings in Banco Santander, S.A. (NYSE:SAN)

West Family Investments Inc. increased its position in shares of Banco Santander, S.A. (NYSE:SAN) by 35.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 38,575 shares of the bank’s stock after purchasing an additional 10,076 shares during the period. West Family Investments Inc.’s holdings in Banco Santander were worth $197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Banco Santander by 13.5% in the 3rd quarter. Creative Planning now owns 1,341,733 shares of the bank’s stock valued at $6,843,000 after purchasing an additional 159,610 shares during the period. QRG Capital Management Inc. increased its position in Banco Santander by 24.4% during the second quarter. QRG Capital Management Inc. now owns 1,637,838 shares of the bank’s stock worth $7,583,000 after buying an additional 321,772 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Banco Santander by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,824,760 shares of the bank’s stock valued at $23,352,000 after buying an additional 834,200 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Banco Santander by 2.3% during the 1st quarter. Russell Investments Group Ltd. now owns 249,397 shares of the bank’s stock worth $1,207,000 after acquiring an additional 5,634 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Banco Santander by 10.3% during the 2nd quarter. Fifth Third Bancorp now owns 216,836 shares of the bank’s stock worth $1,004,000 after acquiring an additional 20,163 shares during the period. 9.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com downgraded Banco Santander from a “buy” rating to a “hold” rating in a report on Wednesday. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 4th.

Banco Santander Price Performance

Banco Santander stock opened at $4.76 on Thursday. The company has a market capitalization of $75.33 billion, a price-to-earnings ratio of 5.95, a PEG ratio of 0.45 and a beta of 1.14. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 3.08. Banco Santander, S.A. has a 12 month low of $3.83 and a 12 month high of $5.27. The stock’s 50 day moving average is $4.94 and its 200-day moving average is $4.88.

Banco Santander Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Thursday, October 31st were given a dividend of $0.08 per share. This represents a yield of 3%. The ex-dividend date of this dividend was Thursday, October 31st. Banco Santander’s payout ratio is 18.75%.

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.