Tompkins Financial Corp lifted its stake in Banco Santander, S.A. (NYSE:SAN – Free Report) by 46,440.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 55,849 shares of the bank’s stock after buying an additional 55,729 shares during the quarter. Tompkins Financial Corp’s holdings in Banco Santander were worth $772,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Acumen Wealth Advisors LLC raised its holdings in Banco Santander by 117.9% in the first quarter. Acumen Wealth Advisors LLC now owns 2,308 shares of the bank’s stock worth $26,000 after buying an additional 1,249 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Banco Santander during the first quarter valued at approximately $28,000. Financial Management Professionals Inc. increased its position in shares of 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 acquiring an additional 1,487 shares in the last quarter. Compass Financial Management LLC bought a new position in Banco Santander in the 2nd quarter valued at approximately $34,000. Finally, Continuum Advisory LLC purchased a new stake in Banco Santander during the 2nd quarter valued at $38,000. 9.19% of the stock is owned by hedge funds and other institutional investors.
Banco Santander Trading Up 3.9%
SAN stock traded up $0.53 during midday trading on Monday, reaching $13.88. 14,827,402 shares of the company’s stock traded hands, compared to its average volume of 11,504,275. Banco Santander, S.A. has a 52-week low of $9.62 and a 52-week high of $15.05. The stock has a market cap of $203.96 billion, a P/E ratio of 11.29, a PEG ratio of 0.66 and a beta of 0.74. The stock’s 50-day moving average is $14.46 and its 200 day moving average is $13.18.
Banco Santander Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, November 5th. Stockholders of record on Friday, October 30th will be given a $0.1439 dividend. This represents a dividend yield of 217.0%. The ex-dividend date is Friday, October 30th. Banco Santander’s payout ratio is presently 17.07%.
Analyst Ratings Changes
SAN has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating on shares of Banco Santander in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Banco Santander in a research note on Monday, July 27th. Wall Street Zen lowered shares of Banco Santander from a “buy” rating to a “hold” rating in a research note on Saturday. Mediobanca reissued an “outperform” rating on shares of Banco Santander in a report on Tuesday, September 15th. Finally, Santander restated a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.10.
Read Our Latest Research Report on Banco Santander
About Banco Santander
Banco Santander, SA is a global banking group headquartered in Santander, Spain. Founded in 1857, the company provides financial services to individuals, businesses and institutions through subsidiaries and branches across Europe, North America and South America.
Its principal activities include retail and commercial banking, consumer finance, corporate and investment banking, wealth management, insurance and payment services. Santander offers products such as checking and savings accounts, mortgages, personal loans, credit cards, business financing, investment products and digital banking solutions.
The group serves customers in markets including Spain, the United Kingdom, Portugal, Poland, Brazil, Mexico, Chile, Argentina and the United States.
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