Montag A & Associates Inc. Acquires New Position in Santander Group (SAN)

Montag A & Associates Inc. bought a new position in Santander Group (NYSE:SAN) during the 1st quarter, HoldingsChannel.com reports. The fund bought 48,805 shares of the bank’s stock, valued at approximately $320,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KCS Wealth Advisory bought a new stake in shares of Santander Group in the fourth quarter worth about $109,000. Paloma Partners Management Co bought a new stake in shares of Santander Group in the fourth quarter worth about $118,000. FCA Corp TX bought a new stake in shares of Santander Group in the fourth quarter worth about $131,000. Bailard Inc. bought a new stake in shares of Santander Group in the fourth quarter worth about $134,000. Finally, Mariner Wealth Advisors LLC bought a new stake in shares of Santander Group in the fourth quarter worth about $146,000. 1.44% of the stock is currently owned by institutional investors.

Shares of SAN opened at $6.58 on Monday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 10.76. Santander Group has a one year low of $6.29 and a one year high of $7.57. The stock has a market capitalization of $105.55 billion, a price-to-earnings ratio of 12.65 and a beta of 1.58.



The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 10th. Shareholders of record on Thursday, May 3rd were issued a $0.0733 dividend. The ex-dividend date was Wednesday, May 2nd. This is a positive change from Santander Group’s previous quarterly dividend of $0.07. This represents a $0.29 annualized dividend and a yield of 4.46%. Santander Group’s dividend payout ratio (DPR) is 42.31%.

SAN has been the topic of several recent analyst reports. Zacks Investment Research cut Santander Group from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. ValuEngine upgraded shares of Santander Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Finally, Keefe, Bruyette & Woods upgraded shares of Santander Group from a “market perform” rating to an “outperform” rating in a report on Friday, March 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $6.85.

Santander Group Company Profile

Banco Santander, SA, together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide. It offers demand and time deposits, and current and savings accounts; certificates of deposit; mortgages, auto finance, and personal loans; working capital finance; and debit and credit cards, as well as life and non-life insurance products.

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Institutional Ownership by Quarter for Santander Group (NYSE:SAN)

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