Banco Santander (NYSE:SAN) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Banco Santander (NYSE:SAN) from a buy rating to a hold rating in a research note released on Wednesday morning.

Separately, UBS Group upgraded Banco Santander from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 4th.

Banco Santander Stock Down 3.8 %

NYSE SAN opened at $4.56 on Wednesday. Banco Santander has a twelve month low of $3.83 and a twelve month high of $5.27. The stock has a market cap of $72.16 billion, a PE ratio of 5.70, a PEG ratio of 0.45 and a beta of 1.14. The firm has a 50-day simple moving average of $4.93 and a 200 day simple moving average of $4.88. 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 firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Thursday, October 31st were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a yield of 3%. Banco Santander’s payout ratio is currently 20.00%.

Institutional Investors Weigh In On Banco Santander

A number of institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new position in shares of Banco Santander during the 2nd quarter worth approximately $33,000. Planned Solutions Inc. bought a new position in shares of Banco Santander during the second quarter valued at $47,000. AE Wealth Management LLC bought a new stake in shares of Banco Santander in the 2nd quarter worth about $50,000. Groupama Asset Managment acquired a new stake in shares of Banco Santander during the 3rd quarter worth about $53,000. Finally, Brookstone Capital Management acquired a new position in Banco Santander in the third quarter valued at about $54,000. 9.19% of the stock is owned by institutional investors and hedge funds.

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.