The SOL Capital Management CO decides to keep it stake in Banco Santander SA (SAN) to the level of $291,000

The SOL Capital Management CO decides to keep it stake in Banco Santander SA (SAN) to the level of $291,000

SOL Capital Management CO boosted its stake in Banco Santander SA (NYSE:SAN) by 13.0% during the second quarter, Holdings Channel reports. The fund owned 74,114 shares of the company’s stock after buying an additional 8,516 shares during the period. SOL Capital Management CO’s holdings in Banco Santander SA were worth $291,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can purchased a new stake in Banco Santander SA during the second quarter valued at $6,908,000. JPMorgan Chase & Co. boosted its stake in Banco Santander SA by 250.5% in the first quarter. JPMorgan Chase & Co. now owns 1,151,966 shares of the company’s stock valued at $5,023,000 after buying an additional 823,302 shares during the period. Midas Management Corp bought a new stake in Banco Santander SA during the second quarter valued at approximately $1,021,000. Creative Planning boosted its stake in Banco Santander SA by 68.1% in the second quarter. Creative Planning now owns 430,844 shares of the company’s stock valued at $1,689,000 after buying an additional 174,582 shares during the period. Finally, ING Groep NV bought a new stake in Banco Santander SA during the first quarter valued at approximately $541,000. 0.63% of the stock is owned by institutional investors.

Banco Santander SA (NYSE:SAN) traded up 0.46% during midday trading on Monday, reaching $4.38. 2,330,671 shares of the company’s stock traded hands. Banco Santander SA has a 1-year low of $3.60 and a 1-year high of $5.83. The stock’s 50 day moving average price is $4.44 and its 200 day moving average price is $4.40. The firm has a market cap of $69.97 billion, a price-to-earnings ratio of 13.44 and a beta of 1.67.

The company also recently announced a dividend, which will be paid on Monday, November 14th. Stockholders of record on Monday, October 17th will be given a $0.038 dividend. The ex-dividend date is Thursday, October 13th. Banco Santander SA’s payout ratio is presently 38.64%.

SAN has been the topic of several research analyst reports. Citigroup Inc. reissued a “buy” rating on shares of Banco Santander SA in a research note on Wednesday, September 28th. Zacks Investment Research cut shares of Banco Santander SA from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Natixis raised shares of Banco Santander SA from a “reduce” rating to a “buy” rating in a research note on Tuesday, October 11th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Banco Santander SA in a research note on Friday, September 23rd. Finally, Barclays PLC raised shares of Banco Santander SA from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 6th. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. Banco Santander SA currently has an average rating of “Hold” and a consensus target price of $4.50.

About Banco Santander SA

Banco Santander, SA is a retail and commercial bank. The Bank’s principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States.

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