Carrera Capital Advisors Has $2.70 Million Stock Position in Banco Santander, S.A. (NYSE:SAN)

Carrera Capital Advisors boosted its stake in Banco Santander, S.A. (NYSE:SAN) by 13.4% in the third quarter, Holdings Channel reports. The firm owned 529,474 shares of the bank’s stock after purchasing an additional 62,435 shares during the quarter. Banco Santander accounts for about 0.7% of Carrera Capital Advisors’ investment portfolio, making the stock its 27th largest position. Carrera Capital Advisors’ holdings in Banco Santander were worth $2,700,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SAN. Rothschild Investment LLC bought a new position in shares of Banco Santander in the 2nd quarter valued at $33,000. Planned Solutions Inc. acquired a new stake in Banco Santander in the second quarter valued at about $47,000. Brookstone Capital Management bought a new position in Banco Santander in the third quarter valued at about $54,000. Norden Group LLC bought a new position in shares of Banco Santander in the first quarter worth about $52,000. Finally, AE Wealth Management LLC acquired a new stake in shares of Banco Santander in the 2nd quarter valued at approximately $50,000. Institutional investors own 9.19% of the company’s stock.

Banco Santander Trading Down 2.3 %

SAN traded down $0.11 during midday trading on Tuesday, hitting $4.68. 1,027,341 shares of the company were exchanged, compared to its average volume of 2,731,847. The firm’s 50 day moving average price is $4.94 and its 200-day moving average price is $4.89. Banco Santander, S.A. has a 1-year low of $3.83 and a 1-year high of $5.27. The firm has a market capitalization of $74.06 billion, a P/E ratio of 5.99, a P/E/G ratio of 0.46 and a beta of 1.14. The company has a quick ratio of 0.23, a current ratio of 0.33 and a debt-to-equity ratio of 3.08.

Banco Santander Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Thursday, October 31st were issued a $0.08 dividend. This represents a yield of 3%. The ex-dividend date was Thursday, October 31st. Banco Santander’s payout ratio is presently 18.75%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SAN shares. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group upgraded shares of Banco Santander from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th.

Banco Santander 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.